By Chris Cowan – For ConstructionPros.com
The One Big Beautiful Bill Act (OBBBA) brings major tax relief for construction firms through permanent 100% bonus depreciation, higher Section 179 limits and restored R&E deductions — helping contractors modernize fleets, improve cash flow and stay competitive amid labor shortages.
According to the Equipment Leasing and Finance Foundation, 42% of businesses plan to increase their equipment and software investments this year, with 32% citing increasing labor costs and labor shortages as the primary reason.
