We are hearing that the Senate Finance Committee is planning to debate legislation next week to extend tax incentives that have expired – and that the 179D energy efficient commercial building tax deduction won’t be on the list unless they hear from the public.
The 179D deduction allows building owners to claim a tax deduction of $1.80 per sq. ft. of building area to install systems that reduce the total energy and power costs by 50 percent or more. Architects across the country have used it to make commercial, high-rise multifamily residential, health care, institutional, public, and educational facilities more efficient, and it’s helped finance projects when other funding sources dried up.
Unfortunately, 179D expired at the end of 2013. The Finance Committee has told us that they will reinstate only those incentives that have broad support. That’s why we need you to get the word out and show the Senate that 179D needs to be extended.
We need you to do the following things:
1. Send an action alert from the AIA’s advocacy center.
2. If your Senator is on the Finance Committee, contact their staff person ASAP to let them know that the 179D deduction is an important tool for energy efficiency. (See theSenator and staff list, as well as talking points below)
3. Spread the word to your networks, and urge AIA members to contact their Senators. The link above can be shared with other AIA members.
We have a good shot at getting 179D reinstated this year – but if we don’t let the Committee know we support it, it will be left out of the bill.
If you have questions, please contact Christina Finkenhofer at firstname.lastname@example.org.
Thank you again for your help!
Paul Mendelsohn, Hon. AIA
Vice President, Government and Community Relations