Contractors can save plenty of money buying used work vehicles, even though prices are much higher today than they have been historically.

H.R. 3301 has generated an unusual mix of support and objection from HVAC groups and other industries.

The timing couldn’t be better, as a few issues important to contractors and the HVAC industry in general will remain up for negotiation (or in some cases, renegotiation) in the upcoming session of Congress.

While the reduction of the corporate tax rate from 35 percent to 21 percent and the simplification of individual tax brackets garnered most of the headlines following the passage of the 2017 Tax Cuts and Jobs Act, there’s a hidden jewel tucked within the tax reform package that commercial HVACR contractors need to be aware of: the expansion of Section 179.

Riviera Beach, Florida – The buzz surrounding RGF Environmental Group, Inc.’s (RGF) recent invitation and visit to the White House caught the attention of Florida Governor, Rick Scott.

The biggest objection commercial HVAC sales consultants hear is: “We don’t have the money to the replace HVAC equipment.” But, thanks to recent tax law changes, profitable commercial businesses now have the financial ability to pay you to swap worn out HVAC equipment for better comfort, greater reliability, and lower energy bills.

The Tax Cut and Jobs Act of 2017 — commonly known as the GOP tax reform bill — was signed into law on Dec. 22, 2017. While the legislation took many shapes and forms prior to its implementation, the bill is now officially law and up to the IRS to implement.

The year 2017 is coming to an end, and a look at the numbers shows it has been a good one for the HVACR industry.