WELCOME

Welcome to the Subcontractors Association of the Metroplex, representing the interests of commercial trade subcontractors- the heart and soul of the construction industry- in the North Texas area for over ten years.

TEXAS' NEW, HARSH BUSINESS TAX

Recently, hundreds of thousands of business owners across Texas sent in their checks for the new business tax. For many of you, your new tax bill is a high price to pay for the cost of doing business in this state.  

An NFIB (National Federation of Independent Business) -led coalition is calling for a handful of reforms that will significantly reduce the impact of this burdensome tax on the small business owner. Items on the coalition's legislative agenda include:

> Exempt from state tax liability small businesses that are losing money or are marginally profitable;

 > Raise the small business exemption from $300,000 to a minimum of $1 million;

> Lower the margins tax rate by 50 percent for businesses with under $20 million in gross receipts;

> Allow deductions in their cost of employment for all contract labor used by Texas firms;

> Limit a business' increase under the margins tax to no more than 100 percent of its historic high under the old franchise tax; and

> Require a two-thirds vote of the Legislature before the margins tax rate can be increased.

  Come to SAM's July Meeting, July 10, 2008, for more information on how this new tax affects you, and what you can do about it.
SUBCONTRACTOR ALERT-
Texas New Contingent Pay Law 
 
SAM members have heard a lot about the new Contingent Pay provisions in the Texas Business and Commerce Code. Well, remember this much- subcontractors must still aggressively negotiate subcontract language!
 
Contrary to some recent press, the new contingent pay bill does not eliminate contingent payment terms from subcontracts, and does not relieve subs from any other harmful subcontract terms.
 
SAM will be conducting a seminar so its subcontractor members can educate themselves about the contingent pay bill, and how its provisions can be used to improve payment practices.
 
 Roy Neu Memorial Scholarship


To commemorate SAM Co-Founder Roy Neu's selfless nature, the Drywall & Acoustical Contractors’ Association of DFW (DACA) has spearheaded creation of a scholarship in Roy’s name, at the University of Texas at Arlington, and DACA is accepting donations for the Roy Neu Scholarship to benefit worthy engineering and construction science students at UTA. Those interested in contributing should contact Richard Bruns, Executive Director of DACA, at 877-356-7700, for details. The contribution is, of course, a charitable contribution, and the purpose, a noble one. Please consider contributing.

News and Events

August 7, 2008 - 6:00 PM
NOTE LOCATION!
Crowne Plaza Hotel - Dallas Market Center
7050 Stemmons Fwy. (I35E)
Dallas, TX 75247

SAM Dinner Meeting

Economist
Laila Assanie
Federal Reserve Bank of Dallas
Economic Outlook

As goes the economy, so go our businesses... so, SAM Members are fortunate to have Economist Laila Assanie, from the Federal Reserve Bank of Dallas, for our August program. The north Texas construction community lives- and dies - by the condition of our economy, and Ms. Assanie will be sharing her insight, and the Fed's projections, for what's coming. An expert on regional economic issues, Ms. Assanie is frequently-published. Plan on being with SAM on Thursday, August 7, 2008- and gain valuable insight you need to plan your business' future.

September 4, 2008 - 6:00 PM
SAM Dinner Meeting

Senator Bob Deuell, MD
SAM welcomes State Senator (and Doctor) Bob Deuell, at the September 4th meeting. An accomplished professional, a practicing physician, and a staunch supporter of small business, Sen. Deuell will speak about legislative initiatives important to small businesses and, in particular, issues important to construction subcontractors – including the Gross Margin Tax. The 2009 legislative session will be an explosive one, and subcontractors must make their voices heard with dedicated public servants like Senator Deuell. Do not miss this opportunity to share your concerns with a dedicated legislator.







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