April 9, 2013: Real Estate Roundtable Urges Reformed Energy Efficiency Tax Incentives
WASHINGTON — The Real Estate Roundtable urged congressional tax-writers to reform the Section 179D federal tax deduction for energy efficiency investment in commercial buildings as part of broader tax restructuring — and to permanently extend accelerated depreciation of customized tenant build-outs (leasehold improvements) — in order to help unleash private-sector investment in U.S. real estate, create thousands of construction and manufacturing jobs, save businesses billions of dollars on utility bills, and improve U.S. energy security, said the organization.
The letter from Roundtable President and CEO Jeffrey D. DeBoer was sent to House Ways & Means Committee Chairman Dave Camp, R-Mich., and Ranking Member Sander Levin, D-Mich. — as well as the co-chairs of the tax reform working group on energy, Reps. Kevin Brady, R-Texas, and Mike Thompson, D-Ga.