HVAC Breaking News

Jan. 4, 2006: Web Site Explains New Energy Efficiency Tax Incentive

January 4, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
ROSSLYN, Va. - The Commercial Building Tax Deduction section of the Energy Policy Act of 2005, signed in August 2005, established as of Jan. 1, 2006 a new deduction for expenses incurred for energy-efficient commercial building property. The Commercial Building Tax Deduction Coalition has set up a new Web site at www.efficientbuildings.org to provide information and guidance on how the new tax incentive works.

In addition to educating the building community about the commercial building tax deduction provision, the main objectives of the Web site are to promote the provision's proper implementation and use, and keep the building community informed about the activities of the coalition.

"Efficientbuildings.org was developed to support the coalition's mission. The Web site acts as a resource for commercial building tax deduction information and serves as a reference to all parties involved, be it a coalition member or commercial building owner," says Kyle Pitsor, vice president of government relations for the National Electrical Manufacturers Association (NEMA). "The coalition hopes that the Web site is welcomed by the community and that it will eventually become a major vehicle for promoting energy-efficient technologies."

The Commercial Building Tax Deduction Coalition, convened by NEMA, with members including standards-developing organizations, manufacturers, building and trade associations, government officials, energy efficiency groups, and others, is working to ensure that the provision is implemented smoothly and to promote awareness and information about the benefits that all stakeholders derive from energy-efficient commercial buildings. The provision is effective for property placed in service from Jan. 1, 2006 through Dec. 31, 2007.

In addition to providing related tax deduction information and implementation guidance, the Web site lists contact information for the members of the coalition. Member organizations include the Air Conditioning Contractors of America (ACCA), Air-Conditioning & Refrigeration Institute (ARI), American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Gas Appliance Manufacturers Association (GAMA), Mechanical Contractors Association of America (MCAA), Plumbing-Heating-Cooling Contractors-National Association (PHCC), and Sheet Metal and Air Conditioning Contractors' National Association (SMACNA).

Publication date: 01/02/2006

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Kari Arfstrom

Kari Arfstrom, executive director of the HVACR Workforce Development Foundation, talks about the upcoming HVACR & Mechanical Conference. Posted on Jan. 23.

More Podcasts

ACHRNEWS

NEWS 01-26-15 cover

2015 January 26

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Regional Standards

With regional standards for a/c equipment going into effect in 2015, how do you think it will impact the industry?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con