Proposed legislation could provide financial relief for builders

This week, the Senate unveiled a bi-partisan provision that would allow builders (along with other companies) to apply current losses to taxes paid four years ago, instead of just two-years back as the current regulations allow for. The benefit for builders would be allowing them to apply their losses back to profits gained during the housing boom.

Builders have been lobbying for this carry-back provision for awhile. They see it as a positive in a couple ways: 1. Prevent companies from having to sell land at large discounts. Fire sales have helped to drive down property values and contributed to foreclosures. 2. Help to prevent small builders from going out of business.

If builders can keep control of their land and small builders can stay in business, Barrier is optimistic the housing crisis will be over sooner rather than later. We think that this carry-back provision, coupled with the Economic Stimulus Plan, are both positive for the economy as a whole.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulated panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED, control room, electrical panel backer board, SIPs