Bipartisan Legislation Introduced to Make 179D Tax Deduction Permanent - Energy Watch News


Bipartisan Legislation Introduced to Make 179D Tax Deduction Permanent

Bipartisan legislation has been introduced in Congress that would make permanent a key energy efficiency tax incentive for owners and designers of energy efficient buildings while expanding its benefits to designers of hospitals, schools, tribal community facilities and other non-profits. Section 179D of H.R. 3507 https://www.congress.gov/bill/115th-congress/house-bill/3507 allowed qualifying building owners and businesses to receive an up to $1.80 per square foot tax deduction for their energy-efficient buildings placed into service during all open tax years. It was originally passed by Congress as part of the Energy Policy Act of 2005 and had been extended several times until it last expired at the end of 2016. http://www.lightnowblog.com/

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