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Politics & Policy
ABC’s September Regulatory Roundup—Learn About the Latest Developments Affecting the Construction Industry
ABC Disappointed in NLRB’s Cemex Decision
NLRB Revives Controversial 2014 ‘Ambush’ Election Rule; ABC Opposes Again
Safety
Build Health and Safety Engagement Through Leadership Commitment and Metrics Tied to Leading Indicators
Is Your PPE and Mobile Equipment as Safe as You Think It Is?
President Biden Announces Heat Safety Actions, Including DOL Hazard Alert
Events/Products/Programs
Nearly 350 ABC Leaders Gather in Washington for Annual Legislative Conference
ABC Members Rank Among ENR’s Top 400 Contractors
Trades Day: Industry Outreach Opportunity With Meaning
State/Local News
Ed Capodanno Honored by Delaware State Legislature
Election Update: ABC Staff and Members Elected in 2022
California Targets Workplace Cannabis Testing
Awards
Graham Roofing Earns the AQC Credential in September
ABC's Construction Executive Magazine Wins Silver in Publishing Competition
Legislation
ABC-Supported Legislation To Overturn the Northern Long-Eared Bat’s Endangered Species Listing Heads to President Biden’s Desk
ABC Advocates for Solutions to Workforce Shortage at U.S. House Committee Roundtable
Smucker Introduces the ABC-Supported Main Street Tax Certainty Act
Regulations
OSHA Announces Silica-Focused Inspection Initiative in the Engineered Stone Fabrication and Installation Industries
Take the Survey: Input Needed by Oct. 2 on President Biden’s IRA Mandates
Take the Survey: ABC Needs Your Input on President Biden’s IRA Mandates by Oct. 2
Workforce Development
Register Now for ABC’s Construction Inclusion Week Webinar Series
DOL High Road Workforce Development Program Map Snubs Nonunion Programs
LISTEN: How to Design an Effective Technology Adoption Strategy
As required under the Affordable Care Act (ACA), the Internal Revenue Service (IRS) and Department of Treasury (Treasury) Aug. 28 released draft information reporting form instructions that employers will use to report on the health coverage they offer their employees. This impacts employers with 50 or more full-time employees and full-time-equivalent employees as well as employers that self-insure. Effective 2015, employers must collect the information required to be reported under ACA and, beginning in 2016, file the information reporting returns with the IRS. Learn more by reading the update from Littler Mendelson, ABC’s general counsel.
On March 10, Treasury and IRS issued final rules on information reporting under Internal Revenue Code sections 6055 and 6056. On July 24, the draft information reporting forms were issued. For more information, Littler also provided a detailed summary of the final rules.
Under Section 6056, applicable large employers (with 50 or more full-time employees and full-time-equivalent employees) are required to report information about the health care coverage they have offered to full-time employees to the IRS. They are also required to provide related statements to each full-time employee. The IRS has provided an FAQ about Section 6056.
Under section 6055, health insurance issuers and self-insuring employers that provide minimum essential health coverage to individuals must report to the IRS information about the type and period of coverage and furnish related statements to covered individuals. According to the IRS, any employer that sponsors a self-insured health plan is required to report under Section 6055, even if the employer has fewer than 50 full-time employees. The IRS has provided an FAQ about Section 6055.
ABC National will continue to educate members about the complicated information reporting requirements. Members also are encouraged to consult counsel about complying with the employer mandate and information reporting requirements.
Additional information on the health care law may be found on ABC’s Employer Health Care Law Toolkit.