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 Email Share Share Other Open Social Related Coverage ULI Explores Stormwater Management with Green Infrastructure Navigating the Complex World of Automated Window Shading Coffee Brewers Added to ENERGY STAR Program Related Articles Green Building Operations Office Refresh – Expansion Brings Together Collaboration and Art Green Building Operations Creating a Recycling Program Green Building Operations Transform Health, Safety and Sustainability Data Green Building Operations Deadlines Approaching for 2017 LEED Certifications Life/Fire Safety 7 Most Essential NFPA® Standards for Building Owners Sustainability / Resilience How to Future-Proof Your Building Building Controls The First Steps of Adding Intelligence to Your Facility Energy Management How to Increase Productivity and Engagement in Outdoor Spaces Building Controls Fine-Tuning HVAC Controls for Maximum Efficiency Related Articles How to Implement Building Technologies The Amenities Tenants Really Want Implementing Green Leases: An Exclusive Interview with Kathleen Hogan Podcast: Bike Parking at Commercial Buildings - An Increasing Trend Tips to Attract the Next Generation of Property Managers 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. Increase profitability by cleaning smarter and transforming your building into a high performing asset. Get tips from High Performance Building experts Whether it’s earning an IREM credential or increasing your job skills, any goal in property management can be accomplished with IREM education. Click here to visit our website!