Coalition Urges Extension of Energy Efficient Buildings Tax Deduction
Coalition Urges Extension of Energy Efficient Buildings Tax Deduction
- Institutional AuthorsAir Conditioning Contractors of AmericaAlliance to Save EnergyAlliantgroup LPAmerescoAmerican Council of Engineering CompaniesAmerican Institute of ArchitectsAssociated General Contractors of AmericaBlue Energy GroupBuilding Owners and Managers Association InternationalBusiness Council for Sustainable EnergyCCIM InstituteCitizens for Responsible Energy SolutionsConcord Energy StrategiesConEdison SolutionsDaikin US CorpEnvironmental EntrepreneursEnergy Systems GroupEnergy Tax Savers IncENGIE Services USEntegrityIndependent Electrical ContractorsInstitute of Real Estate ManagementInsulation Contractors Association of AmericaLexicon Lighting TechnologiesLightPro Software LLCLuNex LightingMicromega SystemsNational Apartment AssociationNational Association of College and University Business OfficersNational Association of Electrical DistributorsNational Association of Energy Service CompaniesNational Association of REALTORSNational Electrical Manufacturers AssociationNational Leased Housing AssociationNational Multifamily Housing CouncilRampart Partners LLCSheet Metal and Air Conditioning Contractors' National AssociationSilicon Valley Leadership GroupSmardt Chiller Group IncSustainable Performance Solutions LLCU.S. Green Building CouncilJohnson Controls International PLC
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsEnergy
- Jurisdictions
- Tax Analysts Document Number2019-6048
- Tax Analysts Electronic Citation2019 TNT 33-21
An identical letter was sent to Senate leaders.
]February 11, 2019
The Honorable Nancy Pelosi
Speaker
U.S. House of Representatives
H-232 The Capitol
Washington, DC 20515
The Honorable Kevin McCarthy
Minority Leader
U.S. House of Representatives
H-204 The Capitol
Washington, DC 20515
The Honorable Richard Neal
Chairman
House Committee on Ways and Means
1102 Longworth House Office Building
Washington, DC 20515
The Honorable Kevin Brady
Ranking Member
House Committee on Ways and Means
1139E Longworth House Office Building
Washington, DC 20515
Dear Speaker Pelosi, Minority Leader McCarthy, Chairman Neal, and Ranking Member Brady:
We, the undersigned members of the Coalition for Energy Efficient Jobs & Investment, urge you to extend the Section 179D deduction for energy efficient commercial buildings as soon as possible. This important incentive that helps drive economic and employment growth has been expired since December 31, 2017. With tax filing season underway, it is critically important that Congress acts quickly to extend Section 179D through at least 2018.
Our organizations and companies represent a broad spectrum of the U.S. economy. They include real estate, manufacturing, architecture, contracting, engineering, building services, financing, labor, education, environmental and energy efficiency advocates. We represent many small businesses that drive and sustain American job growth.
With the assistance of the Section 179D tax deduction, building owners have been able to leverage billions of dollars in private capital to introduce energy efficient enhancements in thousands of commercial and larger multifamily buildings. These enhancements have created and preserved hundreds of thousands of jobs over the life of the Section 179D tax deduction, and have helped our country make strides toward energy independence.
These benefits are confirmed by a recent economic impact study conducted by Regional Economic Models, Inc. (“REMI”). REMI's conclusion is unequivocal, finding that “Section 179D is an engine of economic and employment growth.” In particular, an enhanced tax incentive for energy efficient commercial buildings, including reforms geared toward retrofits of privately-owned buildings, could support up to 76,529 jobs and contribute almost $7.4 billion toward our national GDP each year. These results represent a significant return on the taxpayer investment in Section 179D, well in excess of the provision's revenue cost. The study also confirms that extending Section 179D would have a substantial positive impact on economic and employment growth.
To help provide certainty for the organizations and companies that utilize the Section 179D tax deduction, it is important to extend this provision through at least 2018 as soon as possible. We also encourage you to consider extending this provision beyond 2018. Doing so would encourage additional investment in energy efficient improvements by providing organizations and companies with the planning certainty they have lacked for the past few years.
We look forward to working with you to ensure that tax incentives for energy efficient investment continue to be an engine of growth for our economy. Thank you for your consideration.
Sincerely,
Air Conditioning Contractors of America
Alliance to Save Energy
Alliantgroup, LLC
Ameresco
American Council of Engineering Companies
American Institute of Architects
Associated General Contractors of America
BLUE Energy Group
Building Owners and Managers Association (BOMA) International
Business Council for Sustainable Energy
CCIM Institute
Citizens for Responsible Energy Solutions
Concord Energy Strategies
Consolidated Edison Solutions
Daikin US Corporation
E2 (Environmental Entrepreneurs)
Energy Systems Group
Energy Tax Savers, Inc.
ENGIE Services U.S.
Entegrity
Independent Electrical Contractors
Institute of Real Estate Management
Insulation Contractors Association of America
Johnson Controls, Inc.
Lexicon Lighting Technologies
LightPro Software, LLC
LuNex Lighting
Micromega Systems, Inc.
National Apartment Association
National Association of College and University Business Officers (NACUBO)
National Association of Electrical Distributors
National Association of Energy Service Companies (NAESCO)
National Association of REALTORS®
National Electrical Manufacturers Association (NEMA)
National Leased Housing Association
National Multifamily Housing Council
Rampart Partners LLC
Sheet Metal and Air Conditioning
Contractors' National Association (SMACNA)
Silicon Valley Leadership Group
Smardt Chillers, Inc.
Sustainable Performance Solutions LLC
U.S. Green Building Council
- Institutional AuthorsAir Conditioning Contractors of AmericaAlliance to Save EnergyAlliantgroup LPAmerescoAmerican Council of Engineering CompaniesAmerican Institute of ArchitectsAssociated General Contractors of AmericaBlue Energy GroupBuilding Owners and Managers Association InternationalBusiness Council for Sustainable EnergyCCIM InstituteCitizens for Responsible Energy SolutionsConcord Energy StrategiesConEdison SolutionsDaikin US CorpEnvironmental EntrepreneursEnergy Systems GroupEnergy Tax Savers IncENGIE Services USEntegrityIndependent Electrical ContractorsInstitute of Real Estate ManagementInsulation Contractors Association of AmericaLexicon Lighting TechnologiesLightPro Software LLCLuNex LightingMicromega SystemsNational Apartment AssociationNational Association of College and University Business OfficersNational Association of Electrical DistributorsNational Association of Energy Service CompaniesNational Association of REALTORSNational Electrical Manufacturers AssociationNational Leased Housing AssociationNational Multifamily Housing CouncilRampart Partners LLCSheet Metal and Air Conditioning Contractors' National AssociationSilicon Valley Leadership GroupSmardt Chiller Group IncSustainable Performance Solutions LLCU.S. Green Building CouncilJohnson Controls International PLC
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsEnergy
- Jurisdictions
- Tax Analysts Document Number2019-6048
- Tax Analysts Electronic Citation2019 TNT 33-21