Distributors were disappointed when Congress failed to renew and extend The Commercial Buildings Tax Deduction (CBTD, EPACT or 179D) at the end of 2013. The Senate now appears poised to debate renewing the CBTD. Now is the time to tell Congress how important the CBTD is to financing energy efficient building upgrades.
The CBTD initially passed in conjunction with the Energy Policy Act in 2005 and featured a partial deduction for upgrades to lighting systems. Many distributors have used the deduction as a selling tool for lighting retrofits.
New Senate Finance Committee Chair, Ron Wyden (D-OR) has expressed interest in passing a tax extenders package which is expected to include renewing the CBTD. Action in the Senate committee could come as soon as this week. The House of Representatives will also have to agree to a tax extenders package. Action in the House is far from certain. Your messages will help us press Congress to act!
Visit the NAED Government Action Center today to write a letter to your members of Congress asking them to extend the Commercial Buildings Tax Deduction and share this email with your colleagues encouraging them to do the same.Tagged with tED