This week, on the ITC Tax Podcast, Mark Dzeda welcomes economist Ed Sullivan. They discuss the economic pressures impacting the cement industry, including high interest rates and the effects of the Infrastructure Investment and Jobs Act on private construction, particularly housing.

Ed addresses ongoing labor shortages driven in part by restrictive immigration policies and outlines a potential industry rebound within 18 to 24 months as inflation eases and infrastructure investment strengthens. The conversation also highlights growing demand for data centers and new construction technologies as emerging drivers of growth.

Key Takeaways

1. High interest rates and federal infrastructure policy are reshaping private construction activity.
2. Labor shortages and immigration constraints continue to pressure project timelines and costs.
3. A potential industry rebound is projected within 18–24 months as inflation moderates.
4. Data center expansion and construction innovation are emerging as key growth drivers.

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax

This week, on the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda explore the importance of correcting property tax assessments as the new tax season approaches. They break down the substantial error correction process, explaining when and how taxpayers can challenge inaccurate property valuations.

Listen as Stephen and Mark emphasize that pursuing a correction is a low-risk, high-reward strategy, as the potential tax savings often far outweigh the minimal penalties involved.

Key Takeaways

1. How substantial error corrections can reduce over-assessed property taxes
2. Key requirements and timelines for filing a successful correction claim
3. Common assessment issues, including overstated or obsolete inventory
4. Why pursuing corrections is a low-risk strategy with meaningful tax-saving potential

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax

This week, on the ITC Tax Podcast, hosts Stephen Shaw and Mark Dzeda break down the often-overlooked pollution control tax exemption and how it can deliver significant property tax savings for businesses across multiple states. They explore which industries and equipment may qualify, along with the procedural steps required to secure and maintain the exemption.

Stephen and Mark dive deep into the filing process, explaining how requirements can vary by state and authority, including the role of the Texas Commission on Environmental Quality (TCEQ) and local appraisal districts. Listen for tips on how to navigate regulatory complexities, protect eligible assets, and optimize long-term tax strategies.

Key Takeaways

1. How pollution control tax exemptions work and who can benefit
2. Key filing requirements and differences between state and local authorities
3. Why the January 31 TCEQ deadline is critical for exemption approval
4. Common challenges from local appraisal districts and how to prepare for them

Resources

Learn more and connect with the ITC Tax team at itctax.com.

Mentioned in this episode:

Optimize Your Property Tax!

ITC Tax