Yesterday a Federal judge in Texas struck down the U.S. Department of Labor’s overtime rule that was set to increase the Federal minimum salary to be exempt from overtime from $23,660 to $47,476.
The Obama-era overtime rule, which was set to take effect December1, 2016, was stayed from enforcement by the same judge shortly before it was set to take effect.
The judge, in his ruling yesterday, said that the Department of Labor improperly considered salary in drafting its rule instead of considering job descriptions. The judge also ruled, “the salary level was set so high that it could sweep in some management workers who are supposed to be exempt from overtime protections.” The National Association of Home Builders estimated that nearly 100,000 construction supervisors were affected by the rule.
Read more about the ruling at Fortune and The Hill.
The Trump Administration recently announced that it has directed the Department of Labor to review the overtime rule and the thresholds for exemption from overtime.
S.C. Attorney General Alan Wilson was one of 21 states Attorneys Generals who challenged the Obama Administration’s overtime rule. The National Association of Home Builders weighed in with briefs making the home building industry’s case on the rule.
Don’t miss out on a GREAT event, Jerry Howard, CEO of NAHB, will be the featured speaker at our Annual Meeting November 13. This event is sponsored by PestBan and will be held at the TD Convention Center starting at 11:30 a.m.
Prior to the event your HBA will also host members for Member Orientation starting at 10:30 a.m. at the TD Convention Center.
Jerry Howard, Chief Executive Officer of the National Association of Home Builders, has more than 25 years of association experience and a lifetime in the housing industry. He was recently listed by The Hill as one of the top lobbyists in Washington, DC.
Howard joined NAHB as tax counsel in 1988. He was promoted to Executive Vice President and Chief Executive Officer in February 2001.
Howard started his association career at the National Association of Realtors, where he served as a Legislative Analyst for tax issues. Prior to joining NAHB, Howard was Chief Lobbyist for the National Council of State Housing Agencies where he was instrumental in the development of the low income housing tax credit as part of the Tax Reform Act of 1986.
Before embarking on his association career, Howard practiced real estate law in his home state of South Carolina. He earned a Bachelor of Arts degree from the University of Vermont and received his Juris Doctorate degree from the University of South Carolina. He, his wife Christina, and their three children live in Virginia.
To RSVP for this event, or for more information on any of our upcoming events, please contact the HBA office at 864-254-0133
Don’t forget to bring a new or gently used coat for the HBA of Greenville Community Service Committee’s Coat Drive to benefit Miracle Hill.