House Passes Tax Package that Includes Ready Mixed Concrete Priorities

The House of Representatives passed a sweeping FY25 reconciliation package, dubbed One Big Beautiful Bill, which includes several major tax provisions championed by NRMCA as beneficial to the ready mixed concrete industry. Key wins include:

• Sec. 199A: Pass-through deduction increased from 20% to 23% and made permanent
• Sec. 179: Expensing limit raised to $2.5 million
• Bonus Depreciation: Reset to 100% through 2029
• Estate Tax: Threshold permanently raised to $15 million and indexed to inflation
• Business Interest Deduction: Expanded to 30% of EBITDA through 2029
• R&D Credit: Extended for five years

The bill also allows full depreciation of structures related to manufacturing processes that could be of significant importance to the industry. The package does not impact 1031 exchanges, bonus depletion rules or tax treatment of infrastructure-related bonds. It includes new electric vehicle and hybrid vehicle user fees that will contribute to the Highway Trust Fund.

While the bill faces an uncertain path in the Senate, its advancement marks a major step forward on key industry priorities. NRMCA’s Government Affairs team will continue advocacy as the process unfolds.

For more information, contact Andrew Tyrrell at atyrrell@nrmca.org.