FIND A CONTRACTOR BUYER'S GUIDE
BECOME AN INDUSTRY PARTNER
MCAA Logo
MEMBER LOGIN JOIN
NEWS
2026 Midyear Meeting Registration is OPEN ↗

Estate Tax Update

Words: Jeff BuczkiewiczThe Treasury Department has formally recommended withdrawing the Section 2704 regulations on family business valuation. These regulations would have increased the death tax burden on family businesses.

Treasury's final report issued today in accordance with the President's Executive Order 13789 lists Sec 2704 under proposed regulations to be withdrawn entirely:
After reviewing these comments, Treasury and the IRS now believe that the proposed regulations’ approach to the problem of artificial valuation discounts is unworkable. In particular, Treasury and the IRS currently agree with commenters that taxpayers, their advisors, the IRS, and the courts would not, as a practical matter, be able to determine the value of an entity interest based on the fanciful assumption of a world where no legal authority exists.

In light of these concerns, Treasury and the IRS currently believe that these proposed regulations should be withdrawn in their entirety. Treasury and the IRS plan to publish a withdrawal of the proposed regulations shortly in the Federal Register.
Withdrawal of these regulations is a significant victory for small businesses ($18 Billion according to President Obama's FY13 Budget) as we continue to push for repeal the death tax. Thanks to all the groups that helped push back.

Please visit www.masoncontractors.org/positions/estate-tax-rule-change for additional information.
About: Legislative
 0
Masonry Repair and Retrofit: Materials and Systems for Long-Term Performance
May 2026

Masonry has defined architecture for centuries, prized for its strength, durability, and timeless aesthetic appeal. From historic sites to modern designs, masonry buildings are durable and visually distinctive. However, exposure to moisture, freeze-thaw c

David Biggs
Technical Talks
Read More
Rethinking Shelf Angle Design for High-Performance Masonry Walls
May 2026

If you've been around masonry construction long enough, you know the shelf angle is one of those details that’s easy to take for granted. It’s been used the same way for decades, set it at the slab edge, support the veneer, move on. But as building requir

Erica Oliveraz
MAP Partner
Read More
When Schedules Tighten, Experience Shows
May 2026

In construction, schedules rarely open up; they tighten. Weather delays, trade coordination, and last-minute scope changes all add pressure, even on jobs that were planned down to the minute. When that happens, experienced masons don’t start cutting corne

Jeff Tew
MAP Partner
Read More
Shelf Angles and Their Impact on Wall Performance
May 2026

Shelf angles have long been a standard component in masonry construction. Installed at the slab edge, they provide support for brick veneer and are often treated as a routine detail. However, as building performance requirements evolve, particularly aroun

Erica Oliveraz
MAP Partner
Read More