FAIRFAX, Va. — The pest control industry has joined other industries in the fight to lower the corporate tax rate.
At March’s National Pest Management Association Legislative Day, attendees discussed this issue with their congressional reps. The movement to lower the corporate tax gained traction last summer after Republicans published “A Better Way for Tax Reform,” a plan to drop the corporate tax rate from 35 percent to 20 percent.
The most recent development occurred in April when President Trump announced his proposed tax plan, which NPMA Vice President of Public Policy at National Pest Management Association Andrew Bray interprets as lowering the corporate tax rate from 35 to 15 percent, and lowering “pass through” entity tax rates to as low as 15 percent. (An S corp is an example of a “pass through” entity.)
At press time, details of Trump’s tax plan were sparse, but Bray said NPMA is monitoring the situation closely and “this is a welcome development in lowering business tax rates for NPMA members.”