House and Senate Committees Pass Extension of Energy-Efficient Buildings Tax Incentive 06/01/2007 | 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/). Previous ArticleNext ArticleENERGY STAR Announces 2013 Upgrade of Portfolio Manager Read more on Green Building Operations » Twitter Facebook LinkedIn RSS Email to a Friend * required fields From* To * Message cancel Email Print Print Related Coverage Federal Green Challenge Winners Announced Rating Levels for Cradle to Cradle Certified ADDITIONAL FM TOPICS Green Building Operations Office Refresh – Cutting-Edge Technology in a Century-Old Building Green Building Operations How to Budget Without Data Green Building Operations 5 Ways to Get the Sustainability Conversation Started in Your Facility Green Building Operations USGBC Increases LEED Energy Performance Requirements Lighting Why the Time is Now for Advanced Lighting Controls Project Management The Key to Project Success: Collaboration Roofing The Vital Role of Insulation in Roofing Systems HVAC Portable Air Conditioners Taming Hot Summer Temperatures: Keeping People & Networks Safe Security A New Approach to Vendor Risk Management Related Articles How to Climb the FM Career Ladder ENERGY STAR Lives, For Now The Economic Impact of Energy Efficiency Tax Incentives How Will Current Politics Affect Facility Management? 5 Tips to Promote Sustainable Practices Sponsored Links Smart roof systems improve building energy efficiency! Polyglass’ Polyfresko cap sheets with CURE Technology saves on energy. Engineered to perform, Polyfresko has superior granule adhesion and excellent puncture, stain and UV resistance.