Budzinski Introduces Bipartisan Tools Tax Deduction Act
WASHINGTON — Today, Congresswoman Nikki Budzinski (D-IL-13) and Congressman Marc Molinaro (R-NY-19) introduced the bipartisan Tools Tax Deduction Act to allow apprenticeship employees and construction workers to write off the expense of the tools and equipment required for their profession. Similar tax deductions have been implemented in Canada to ease costs for those entering apprenticeship and pre-apprenticeship programs.
“The upfront cost of purchasing tools is a barrier for too many folks interested in pursuing a career in the building trades,” said Congresswoman Budzinski. “As we work to get more men and women into good-paying union jobs, we have to make sure they can afford the equipment they need to succeed. Today, I’m proud to introduce bipartisan legislation with Congressman Marc Molinaro that will make it easier for apprenticeship employees and construction workers to afford the equipment their jobs require.”
“Today, we are taking a bold and innovative step to support family-sustaining jobs and address barriers to entry in high-demand fields like the Building Trades,” said Congressman Molinaro. “The Tools Tax Deduction Act of 2023 will encourage workers to enter apprenticeship and pre-apprenticeship programs by offering a tax deduction for essential tools and work-related expenses. This bill will open doors for workers in Upstate New York.”
The Tools Tax Deduction Act would establish an above-the-line deduction for employees if such deductions are for construction tools, personal protective clothing and gear and other expenses in connection with their employment. The bill has been endorsed by the International Union of Operating Engineers, United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry, Construction Employers of America, International Union of Bricklayers and Allied Craftworkers, the Laborers’ International Union of North America and the International Union of Painters & Allied Trades.
“The job can’t be done right if you don’t have the right tools,” said Sean McGarvey, President of North America’s Building Trades Unions (NABTU). “Not only will this legislation ensure construction workers have the right equipment, but it will also help building trades working families balance their own budget and keep food on the table. We commend and thank Congresswoman Budzinski and Congressman Molinaro for the introduction of this legislation to help all construction workers.”
The full text of the Tools Tax Deduction Act can be found here.
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