You may have seen reports from NAED that EPAct 179D Commercial Buildings Tax Deduction (CBTD) expired on December 31, 2013. The Senate Finance Committee is set to consider a package of extensions of expired tax provisions soon. We need to make sure CBTD is one of them.
Further, the Energy Efficiency Tax Incentives Act S2189, sponsored by Senator Ben Cardin (D-MD), would renew CBTD and would increase the maximum available deduction from the current $1.80 per square foot to $3.00 per square foot. By increasing the amount of these deductions, building owners can shorten their payback period and raise the ROI of retrofits; NAED wholeheartedly supports this extension of the program and increase in deductions.
Either way, now is the time to push Congress to renew CBTD/179D in its original or expanded form. Click here to send an email to your elected official to let them know.
NAED is one of nearly 60 business, trade, government, energy efficiency, and other groups and organizations that make up the Commercial Building Tax Deduction Coalition. For more information, please visit www.efficientbuildings.org.Tagged with tED