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Search: Commercial Building Tax

jobs, Legislation + Regulation

Study Documents Major Job Growth from 179D Tax Deduction

As many as 77,000 new design and construction jobs would be created annually over 10 years–along with almost $7.4 billion more in annual GDP–if Congress and the Administration continue an important energy efficiency tax policy, according to an economic impact study by Regional Economic Models Inc. (REMI). Section 179D of the tax code, also known [...]

Legislation + Regulation

House Bill Seeks to Extend 179D Tax Deduction

Created by the Energy Policy Act of 2005, the Commercial Buildings Tax Deduction (Section 179D of the tax code) provides an accelerated tax deduction of up to $1.80/sq.ft. as an incentive to install energy-efficient building systems, including interior lighting. The tax deduction expired and renewed several times over the years, most recently with the passage [...]

Legislation + Regulation

Congress Extends 179D Tax Deduction

The Protecting Americans from Tax Hikes Act of 2015 (“PATH” or “Act”), which was signed into law by President Obama on December 18, 2015, featured a number of tax provisions, including an extension of the Commercial Energy-Efficient Buildings Tax Deduction (Section 179D) by two years from December 31, 2014 to December 31, 2016. The text [...]

Legislation + Regulation

Obama Signs New Tax Act Extending 179D

On December 19, President Obama signed the Tax Increase Prevention Act, which contains extenders of 50+ tax relief provisions. Of particular interest in the lighting industry is a one-year extension of 179D, the Commercial Buildings Tax Deduction. This is an accelerated tax deduction rewarding investment in energy-efficient building property, notably interior lighting systems. The law [...]

Legislation + Regulation

Senate Finance Committee Votes to Extend 179D Tax Deduction

The Senate Finance Committee recently voted to approve a two-year extension of the Energy Efficient Commercial Buildings Tax Deduction, also known as Section 179D, as part of the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act. The provision allows a taxpayer to take a deduction equal to commercial building energy-efficiency expenditures made by the taxpayer [...]

Energy + Environment

Report: Obama Administration Poised to Take Immediate Action to Help Transform America’s Building Stock

The Obama Administration is authorized to play a more active and supportive role in encouraging and progressing the energy efficiency and sustainability of America’s multifamily and commercial building stock, according to a report released by the U.S. Green Building Council (USGBC) and other leading organizations in energy, housing, environment and real estate. The legal analysis, [...]

Energy + Environment, Legislation + Regulation

Death and Taxes

Below is my column for the Jan/Feb issue of Illuminate, for your consideration. Note that Jan/Feb is my last issue as editor at large. From here on out, I will not be leading the magazine as its editor but instead contributing it to as a staff writer. This was on my request … Death and [...]

Energy + Environment, Legislation + Regulation

NEMA Updates Commercial Buildings Deduction Website

Earlier this year, I had the pleasure of working with the National Electrical Manufacturers Association on a revision of their website detailing features, benefits and rules of implementation for the Commercial Buildings Deduction. Congress recently extended the expiration date for this important energy efficiency incentive to January 1, 2014. Check out the new and improved [...]

Legislation + Regulation

LightNOW Commercial Buildings Deduction Survey: Some Conclusions

Several weeks ago, I conducted a short survey of lighting practitioners to see how they are using the Commercial Buildings Deduction. I got a very small response on the new construction side of the industry and a high response on the retrofit side. As the former lacked a statistically valid sample on which to make [...]

Legislation + Regulation

LightNOW Survey: 44% of Projects by LightNOW Readers Specializing in Retrofit Market Qualify for Commercial Buildings Deduction

On August 3, an email blast was distributed to the approx. 11,500 subscribers of LightNOW inviting them to take a spot survey in which they would be asked to report data about their awareness and use of the tax incentives related to lighting. After the mailing, 356 subscribers responded. Respondents were first qualified to those [...]

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