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LOBBYING
TAX DEDUCTION
FOR
2005 DUES
In
1993, the U.S. Congress enacted the Omnibus Budget Reconciliation Act that
contained provisions affecting trade associations. The Act provided that taxpayers will no longer be able to
deduct from their federal income taxes any portion of the association dues
attributable to that association�s lobbying activities as an ordinary and
necessary cost of doing business. Because
we fall under these guidelines, we are required to notify our members of the
portion of your dues that are not deductible based upon these calculations.
Dues
payments to the Home Builders Association of the Alleghenies are not
deductible as charitable contributions for federal income tax purposes.
However, dues payments may be deductible as ordinary and necessary
business expense, subject to an exclusion for lobbying activity.
Because a portion of your dues is used for lobbying by National
Association of Home Builders and the Pennsylvania Builders Association
27.33% of the total dues, or $76.52 is not deductible for income tax
purposes.
ANNUAL DUES FOR HBAA
The NAHB Board of Directors in January 2003 determined a dues increase was required and the increase was to extend out over a 2 year period. January first of 2005 marks the last of these planned dues increase. As a result of the action by the board the annual dues for 2005 has increased by $10. In addition our state is also raising its� dues by $10.
Our HBAA annual dues for 2005 are as follows:
NAHB (National Association of Home Builders)
$150
PBA (Pennsylvania Builders Association)
$95
HBAA (Home Builders Association of the Alleghenies) $35
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HBAA 2005 ANNUAL DUES
$280
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H.B.A.A.
HOME SHOW 2005 If
you are interested in exhibiting at the Show,
Please contact either Walt
Freidhoff (535-8371) or HBAA
office (269-9268) with their name and
address. We will mail you
an application
General Membership Meeting
Sponsors for 2004
February Brett Insurance Agency/Dow Chemical
Building Materials
Group
March Penstan Supply with A.O. Smith Water Heaters
April Kohl Building Products
May Phoenix Supply Co.
June McClure & McClure with Eagle Window & Door
September Penstan Supply & Kohler
October still available
November still available
December Christmas Party
If you would like to sponsor a general membership meeting contact
Walt Freidhoff at 535-8371. If you would like to sponsor a Northern
Cambria meeting contact Al Lieb at 948-9897
DATES TO REMEMBER
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01/07/05 Leadership Retreat at Toftrees in State College
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01/14-15/05 Strategic Planning at Rocky Gap
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02/03/05 First Midwest Regional Meeting of Year
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03/17/05 thru 03/21/05 H.B.A.A. Home Show 2005
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