By SEMA Washington, D.C., Staff
President Trump signed into law the “Tax Cuts and Jobs Act” in December, which overhauls the U.S. tax code and reduces taxes by $1.5 trillion over the next decade. The new law provides the most sweeping changes to the federal tax code in decades, permanently reducing the corporate tax rate from 35% to 21% while lowering personal income tax rates through 2025. With the law taking effect in tax year 2018, businesses are studying how it will impact their bottom line.
The National Association of Manufacturers (NAM), of which SEMA is a member, is surveying manufacturers across the country to determine the impact of the new law. If your company is engaged in manufacturing, please fill out the nine-question survey. When answering the second question, please be sure to note that you are a SEMA member.
For more information, contact Eric Snyder at erics@sema.org.