After declaring that the Senate would not consider tax extenders legislation, but would instead tackle it as part of overall tax reform, Senate Majority Leader Harry Reid (D-Nev.) now suggests the Senate may take up a package this spring. NMHC/NAA urge lawmakers to extend the Section 179D energy efficient tax incentives set to expire at the end of the year.
A cost recovery draft issued by the Senate Finance Committee last year indicated that the tax incentives would be eliminated in a comprehensive overhaul of the tax code. It is uncertain if parts of the reform strategy yet to be released will provide incentives for energy efficient buildings. NMHC/NAA have focused on outlining the scope of support for energy efficient incentives and on drawing additional support for an extension of the deduction.
- Senate Finance Committee Task Forces Focus on Expired Tax Provisions
- Apartment Industry Calls for Renewal of Tax Provisions Designed to Spur Energy Efficiency
- NMHC and NAA 179D Letter to Senate Finance Committee Cost Recovery Task Force - June 2019
- NMHC/NAA Coalition Letter Urging Senate to Restore Provisions to the Tax Extenders Bill
- Multifamily Industry Calls on Congress to Make Energy Efficient Home Tax Credit Permanent