The Board, working in conjunction with the Department of Commerce, is releasing the final safe harbor language as it pertains to assessments.
The approved verbiage now reads: “1 cents per masonry unit goes to the Concrete Masonry Checkoff Board pursuant to the Concrete Masonry Products Research, Education, and Promotion Act of 2018”.
“Remember, it’s up to each producer to decide how they’ll ultimately handle the cost of the checkoff assessment,” says CMCB Chair Major Ogilvie. “You may elect to just build the $0.01 assessment into your unit price or you can choose to indicate the required charge as a line-item fee on the invoice your customer pays. But to comply with our industry’s strict antitrust guidelines, it is imperative you do not discuss which option you’re choosing with any other company,” he says.
Also, the Department of Commerce has requested and continues to wait for a final determination from the Internal Revenue Service that the assessment will not be taxable as income. Watch for updates on our website, and in future outreach emails.
