TAXES

6 Months Ended

Jun. 30, 2025

TAXES

TAXES

NOTE 7. TAXES

For the six months ended June 30, 2025 and 2024, the Company’s effective tax rate was 23.1% and 22.9%, respectively.

Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies.

No uncertain tax positions were recorded as of June 30, 2025 and 2024.

On July 4, 2025, the “One Big Beautiful Bill Act” (the “Act”) was enacted into law, making permanent certain key elements of the Tax Cuts and Jobs Act that are applicable to the Company, including 100% bonus depreciation. The Company is in the process of evaluating the impact of the Act to the Consolidated Financial Statements.