State Taxation of Construction Contractors (Portfolio 1840)

Description

The Bloomberg Tax Portfolio, State Taxation of Construction Contractors Portfolio addresses the manner in which states impose sales and use tax and gross receipts tax against contractors, while general considerations regarding income and property taxes are also addressed.

Readers will receive practical insights and planning opportunities for construction contractors serving private sector, government, or nonprofit clients and understand the state tax implications of each type of commonly-used construction contracts.

This Portfolio also sheds light on the various methodologies used by specific states such as California, Illinois, and New York to impose and assess tax against construction contractors.

Table of Contents

1840.01. INTRODUCTION
1840.02. APPLICATION OF SALES AND USE TAXES TO CONTRACTORS
1840.03. APPLICATION OF GROSS RECEIPTS TAXES
1840.04. OVERVIEW OF INCOME AND PROPERTY TAX ISSUES
1840.05. CREDIT AND INCENTIVE PROGRAMS
1840.06. THE NATURE AND ELEMENTS OF CONSTRUCTION CONTRACTS
1840.07. THE CONTRACTOR AS A MANUFACTURER OF FABRICATED MATERIALS
1840.08. EXEMPTIONS RELATED TO CONTRACTORS’ ACTIVITIES
1840.09. FREIGHT, LEASED EQUIPMENT AND SUPPLIES
1840.10. REPAIR AND WARRANTY CONTRACTS
1840.11. TAX CLAUSES AND INDEMNIFICATION AGREEMENTS