Passage of the One Big Beautiful Bill Act (OBBBA) drew praise from a pair of construction materials industry associations, which touted the tax benefits built within the legislation.
The National Stone, Sand & Gravel Association (NSSGA) was one of the two organizations to reflect on OBBBA’s passage, with interim CEO Michele Stanley characterizing the bill as building on the Tax Cuts & Jobs Act’s positive outcomes.
“NSSGA appreciates that the OBBBA makes several key business tax provisions permanent, including bonus depreciation for eligible property acquired after Jan. 19, 2025; domestic research expenditures; and small business deductions through qualified business income deductions,” Stanley says. “The OBBBA maintains a higher estate and gift tax exemption, setting it at a $15 million base for single filers starting in 2026 and indexing it for inflation, while also protecting percentage depletion for land and other property when accounting for adjusted financial statement income.
“The OBBBA will provide certainty for aggregates operators to make necessary capital investments, create jobs and drive economic growth,” she adds.
The National Asphalt Pavement Association (NAPA) was also pleased with OBBBA’s passage and that the U.S. House of Representatives at least acted to generate the first new revenue sources for the Highway Trust Fund (HTF) in three decades.
“Though it was stripped from the Senate version, this effort by the House was a welcome and long-overdue effort to address the HTF’s user-fee shortfall,” says Nile Elam, vice president of government affairs at NAPA. “We simply can’t allow the HTF to continue teetering on financial insolvency as we head into a critical highway reauthorization deadline next fall.”
NAPA remains committed to advocating for HTF solvency.
“NAPA will continue engaging policymakers to ensure the long-term economic security of our surface transportation network because this system is critical to American prosperity – moving people and commerce smoothly, efficiently and safely,” says Audrey Copeland, president and CEO of NAPA.
