IEC Regulatory News
Secretary of State Kemp Proposes Major Changes to Streamline Licensing and Enforcement Procedures
Last week IEC representatives Bruce Bowman, of Fox Systems and Low-Voltage Board Member; ED Niel Dawson, and our lobbyist Lee Lemke, met with Secretary of State Brian Kemp to discuss his proposed changes to the licensing procedures.
Under the proposal the staff of the Secretary of State will more efficiently process new applications, and will only send them to the licensing board if the application for licensure does not meet the licensing requirements. This will speed up the process for licensing, while allowing the boards to focus their efforts for new policy planning within their respective professions. Additionally, this will allow more resources of the Secretary of State to focus on enforcement of those not performing work according to the state code. This is all part of Sec. Kemp's focus on making government more efficient. Click here for details. Sec. Kemp was the keynote speaker at the IEC 2010 Apprenticeship Graduation.
50% Bonus Depreciation
The Economic Stimulus Act of 2008 provides for 50% extra depreciation in the first year qualifying property is placed in service. In order for property to qualify for the additional first-year depreciation deduction it must meet certain requirements. (An additional one-year extension is allowed for certain longer-lived and transportation property.)
We recommend you consult your tax accountant regarding this very beneficial stimulus act for the small business owner.
Doing Business with the Federal Government
Want to do business with the federal government? The first thing you must do is to register with Central Contractor Registration (CCR) http://www.bpn.gov/ccr/
Next go to www.fedbizopps.gov. Log in and do a search in Georgia (or other states if you want to do business there). The code for construction is “Y” – search using this code.
There is free training available from the Georgia Tech Procurement Assistance Center (www.gtpac.org) that ranges from “How to Get Started” to “Cost and Proposal Presentation.”