Laborers Local 110 Holding Company

PART X, LINE 2:

“The local is a non-profit organization exempt from income taxes under section 501(c)(5) of the internal revenue code and an equivalent section of the missouri income tax law. The holding company is a non-profit corporation exempt from income taxes under section 501(c)(2) of the internal revenue code and an equivalent section of the missouri income tax law. The total amounts of interest and penalties recognized in the consolidated statements of revenues, expenses, and changes in net assets and the total amounts of interest and penalties recognized in the consolidated statements of assets, liabilities, and net assets are $0. Financial accounting standards board accounting standards codification (asc) 740-10-25-6 requires management to evaluate tax positions taken by the local and the holding company and recognize a tax liability (or asset) if the organizations have taken an uncertain tax position that more likely than not would not be sustained upon examination by federal and state taxing authorities. The executive board and board of directors have analyzed the tax positions taken by the local and the holding company, and have concluded that as of june 30, 2025 and 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The local and holding company are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The local and holding company have never had unrelated business income tax (ubit) nor have they filed the form 990-t. Therefore, all tax years are open for examination by federal and state taxing authorities related to ubit.”