Assessments will be remitted to a blind trust to ensure absolute confidentiality in all sales information and remittance amounts. Producers will not be invoiced, but the CMC Board will provide two payment options – ACH and check. A form will also be provided with details of products included in the checkoff and will include all necessary information for calculating and submitting payment. In time, assessments will be randomly audited by an independent third party.
As a reminder, this is a mandatory checkoff, ensuring all producers contribute at an equal rate working together as an industry to drive preference and demand for concrete masonry products.
Legislation requires that each invoice, bill of sale and/or receipt for eligible block identify the total amount of the checkoff assessment for that purchase. The approved verbiage is:
"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".
You may use other language in addition to or in lieu of the safe harbor language, if you choose, but the approved language will assure that you comply with the statute.