The AIA endorses Energy Efficiency Tax Incentive legislation


Today in Washington D.C. the AIA strongly voiced its support of bipartisan legislation that makes permanent a key energy efficiency tax incentive for owners and designers of energy efficient buildings and that expands its benefits to designers of hospitals, schools, tribal community facilities and other non-profits. H.R. 3507 introduced by Rep. Dave Reichert (R-WA) and co-sponsored by Rep. Tom Reed (R-NY), and Rep. Earl Blumenauer (D-OR) also modifies Section 179D of the tax code – the Energy-Efficient Commercial Building Deduction - to make small to midsized architect firms organized as subchapter S corporations eligible for the deduction.

The section 179D tax deduction was originally passed by Congress as part of the Energy Policy Act of 2005 and has been extended several times until it last expired at the end of 2016.  A recent economic study found that  nearly a million jobs over ten years  and billions of dollars in annual GDP are created by this widely used deduction. This is ...

Anastasia Tokmakova via Archinect - News http://ift.tt/2tKghwB

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