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Tenth Annual Construction Industry Tax Issues Seminar, Co-sponsored by the AzBusiness Magazine

September 27, 2013
Arizona Biltmore Resort (Phoenix, AZ)

Contractors, developers, construction managers, and homebuilders are invited to attend Steptoe’s Tenth Annual Construction Industry Tax Seminar co-sponsored by the AzBusiness Magazine on Friday, September 27, 2013.  Our tax lawyers will bring you an annual update on the latest developments in Arizona’s sales and property taxation.

The program will focus on the recently passed Sales Tax Simplification Legislation (House Bill 2111) that takes a giant step in simplifying the city and state audit, reporting, and payment structure. In short, multi-jurisdictional taxpayers (those doing business in more than one city in the state) will, beginning in 2015, be able to file one return with and make one payment to the Department of Revenue for both state and all city sales tax, as well as undergo a single audit for both state and all city jurisdictions. The Sales Tax Simplification legislation also exempts from both state and city sales tax under the prime contracting classification “service contractors” doing work directly with the owner of real property. These contractors will be required to pay sales tax on their purchase of building materials.  In addition, we will bring you up to date on legislation (House Bill 2535) that does away with the troublesome “permanent attachment” test for determining whether the labor for installing, assembling, repairing, or maintaining exempt machinery and equipment is itself exempt.

Program Agenda

8:30 a.m. – 9:00 a.m.
Registration and Continental Breakfast

9:00 a.m. – 10:30 a.m.           
Sales Tax Simplification (House Bill 2111) and the Repeal of the Permanent Attachment Test (House Bill 2535)

10:30 a.m. – 10:45 a.m.           
Break

10:45 a.m. – 12:30 p.m.           
Lurking Tax Issues for Contractors

  • State and City Tax Treatment of Sand, Gravel and Aggregate Used in Construction Projects 
  • When is a Subcontractor a Subcontractor?  Rentals of Construction Fencing, Temporary Power Equipment, and Highway Barricades 
  • Contractors’ Sales of Used Equipment: Do They Qualify as Casual Sales or Are They Subject to the Sales Tax 

Other Featured Topics

  • Update on the Department’s Proposed Ruling on the Taxation of Construction Activities – What Happened?
  • New Mexico’s Exemption for Leased Contracting Equipment
  • Speculative Builder Tax: The Mt. Germann and Ellis Case – Entire Sales Price of Complex Subject to Tax Even Though Portions of the Project Were Completed More than 24 Months Prior to the Sale 
  • Property Tax 
    • S.C.R. 1025 and How it Affects Builders and Developers
    • Personal Property Issues Impacting Contractors (Mobile Construction Equipment, Leased Equipment, Additions/Deletions, Supplies, and Tools)
  • On June 1, the State Sales Tax Rate was Reduced by 1% – How Does the Decrease Affect Pre-existing Contracts

12:30 p.m. – 12:40 p.m.           
Break

12:40 p.m. – 2:00 p.m.          
Luncheon Presentation: Little-Known Employer Risks Under the Affordable Care Act - A Policy Perspective

STEPTOE SPEAKERS:

LUNCHEON SPEAKER: 

Hon. John Shadegg, partner in Steptoe’s Phoenix office and former US Congressman, will give his perspective on the Affordable Care Act and how it will impact Arizona businesses.

EVENT INFORMATION:

NEW! Date:  Friday, September 27, 2013
Time:  8:30 a.m. - 2:00 p.m.
Location:  The Arizona Biltmore Resort

Cost Per Participant:

  • Regular Participant: $120.00
  • Association Participant*: $100.00
    *Members of the Construction Financial Management Association (CFMA), Arizona Builders Alliance (ABA), and US Green Building Council (USGBC) receive a $20 discount.

Please make checks payable to: Steptoe & Johnson LLP.  Seating is limited; registration must be confirmed.

For questions, please contact events@steptoe.com