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Senate Finance Committee Extends 179D

By Christina Finkenhofer, Director, Federal Relations

    Today, thanks in part to the efforts of AIA members, the Senate Finance Committee adopted an amendment to the tax extenders bill that will extend the energy efficient commercial building tax deduction or 179D. The deduction was created in 2005 as an incentive to spur energy savings in public and commercial buildings and is currently the only federal tax incentive available that encourages energy savings in public and private commercial buildings. The amendment not only extends 179D to 2015, but also allows nonprofits and tribal governments to take advantage of the deduction. The AIA has advocated for these improvements among others for the last few years and applauds the Committee for this important step in extending and improving the deduction.

    Stay tuned for additional information as the efforts to extend 179D move to the House of Representatives.


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This content is published by the AIA Government and Community Relations Department, 1735 New York Ave., NW, Washington, DC, 20006. To contact the AIA’s Government & Community Relations team, send an email to govaffs@aia.org.

 

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