The U.S. House may vote today on a bill HARDI and the Air Conditioning Contractors of America say is good for HVAC construction.
Called “America’s Small Business Tax Relief Act of 2014,” the legislation, introduced by U.S. Rep. Patrick Tiberi (R-Ohio) and Rep. Ron Kind (D-Wis.), amends the U.S. tax code and repeals an exclusion of HVAC market equipment from qualified business deductions. HARDI says it would return deduction levels to those from 2010-2013 tax years, permitting business owners to expense up to $500,000 in new equipment and property.