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MoreWASHINGTON - Rep. Pete Hoekstra (R-Mich.) has expressed interest in introducing legislation to shorten the recovery period for depreciation of certain systems, such as HVAC equipment, installed in nonresidential buildings.
The Plumbing-Heating-Cooling Contractors-National Association (PHCC) reports that it has reviewed a draft of the legislation, which would accelerate the recovery period to 15 years for equipment such as HVAC, plumbing, electric, and lighting. Presently, the tax code indicates that these systems can be depreciated over 39 years. In practical terms, PHCC notes, the economic useful life is much shorter.
Hoekstra's legislation would benefit contractors by making investments in new energy-efficient equipment more affordable for building owners.
Publication date: 12/15/2003
This overview of the benefits of zoning includes tips for selling to consumers and businesses. Tom Jackson discusses options for new construction and retrofit, as well as some ways a residential contractor can get into the light commercial business with zoning products. Speaker: Tom Jackson, CEO, Jackson Systems
With access to over one million professionals and more than 60 industry-specific publications, 
