Those who follow legislative issues affecting the HVACR industry know that a recent bipartisan effort in the U.S. House of Representatives has finally given some weight to the passage of the HVAC Expensing and Technology (HEAT) Act.
U.S. Reps. Pat Tiberi, R-Ohio, and Ron Kind, D-Wis., introduced HR 3515, which would allow commercial building owners to immediately expense specific HVACR equipment replaced under Section 179D of the U.S. Tax Code.