Item 1A. Risk Factors
Item
1A. Risk Factors
There
are certain risks and uncertainties in our business that could cause our actual results to differ materially from those anticipated.
A detailed discussion of our risk factors is included in “Item 1A. Risk Factors” of Part I of the Company’s Annual
Report on Form 10-K for the year ended December 31, 2020.
The
following information supplements our risk factors previously disclosed in “Item 1A. Risk Factors” of Part I of the Company’s
Annual Report on Form 10-K for the year ended December 31, 2020.
Changes
in the federal, state, or local tax laws may negatively impact our financial performance .
On
March 31, 2021, President Biden unveiled his infrastructure plan, which includes a proposal to increase the federal corporate tax rate
from 21% to 28% as part of a package of tax reforms to help fund the spending proposals in the plan. The Biden plan is in the early stages
of the legislative process, which is expected to proceed this year due to the Democratic Party’s majority in both houses of Congress.
If adopted as proposed, the increase of the corporate tax rate would adversely affect our results of operations in future periods.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.