06/01/2007

House and Senate Committees Pass Extension of Energy-Efficient Buildings Tax Incentive

 
In separate hearings, Congressional committees passed legislation that would extend the tax incentive for energy-efficient commercial buildings. The Senate Finance Committee passed out of committee an energy tax package that included an increase in the $1.80-per-square-foot tax incentive to $2.25 and extended it to the end of 2013. The Senate provision was a part of a larger energy amendment tax package that was offered on the Senate floor during the current debate taking place on energy bill H.R. 6, but an attempt to reach cloture failed, which would have cut off debate. The amendment still has a chance to be revisited by the Senate in future proceedings.

Meanwhile, the House Ways & Means Committee's Renewable Energy and Energy Conservation Tax Act of 2007, H.R. 2776, also included an extension of the energy-efficient commercial buildings through 2013, but did not include an increase on the per-square-foot deduction. Any differences on this matter between the House and Senate will have to be resolved during a conference committee. In the meantime, BOMA Intl. will continue to strongly support the tax incentive for energy efficient commercial buildings and the need for it to be increased and improved.

This information was excerpted from the June 21, 2007, edition of BOMA Intl.'s eNews. The Building Owners and Managers Association (BOMA) Intl.
is a primary source of information on office building development, leasing, building operating costs, energy consumption patterns, local and national building codes, legislation, occupancy statistics, and technological developments. To find out more, visit (http://www.boma.org/).
 


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Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


 
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