HARDI is cheering committee passage of a bill that amends the U.S. tax code and repeals an exclusion of HVAC construction equipment from qualified business deductions.
Called “America’s Small Business Tax Relief Act of 2014,” the legislation, introduced by U.S. Rep. PatrickTiberi (R-Ohio) and Rep. Ron Kind (D-Wis.), HARDI says it would return deductionlevels to those from2010-2013 tax years, permitting business owners to expense up to $500,000 in new equipment and property.