HR 8547
Incentivize Energy-Saving Improvements Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to make a current tax incentive permanent, encouraging businesses to invest in energy-efficient upgrades. Specifically, it permanently extends the tax deduction available under Section 179D of the Internal Revenue Code for commercial buildings that meet certain energy efficiency standards. This deduction helps businesses offset the cost of making improvements that reduce energy consumption and lower operating expenses. The changes would take effect starting in 2021.
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