The Rosemont, IL-based National Roofing Contractors Association (NRCA) has recently issued a position paper about the depreciation of commercial roof systems. The association is urging Congress to amend Section 168 of the Internal Revenue Code to allow building owners to depreciate roof systems over 20 years, vs. the 39-year-period currently mandated.
According to the NRCA, “This long recovery period discourages building owners from making necessary repairs to old roof systems, which are less energy-efficient than new or retrofitted roof systems.” Energy conservation, job creation, and tax relief are cited by the NRCA as expected results of a reduced depreciation cycle.
