Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

energy efficiency building tax credits renewal pushed

3/21/2018

0 Comments

 
A building owner and management industry leader is urging Congress to restore a federal tax credit designed to help the owners of commercial buildings pay for energy efficiency measures.

The Energy Efficient Commercial Building Tax Credit, otherwise known by its Internal Revenue Service code number 179D, expired at the end of last year.

 The deduction, first enacted in 2005, provides owners of commercial structures, including warehouses and garages, a credit of up to $1.80 per square foot for the upgrading of lighting, ventilation and air conditioning systems.

Speaking before the House Ways and Means Subcommittee, Henry Chamberlain, president of the Building Owners and Management Associates, said 179D has helped “real estate owners who might not otherwise have the necessary capital make the decision to design, retrofit, and operate energy-efficient structures.”

Chamberlain additionally suggested not just bringing back 179D, but making it permanent, noting that earlier short-term extensions of the incentive were impractical.

Such extensions, Chamberlain continued, “don’t account for real estate planning horizons, which are generally three to five years for a capital investment.”
The committee is expected to take action on the energy efficiency tax credit later this year.

By Garry Boulard
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity