Increased Tax Deduction for Energy Efficient Commercial Buildings
This bill temporarily increases tax deductions for commercial building owners who invest in improving energy efficiency. It aims to encourage upgrades that reduce energy use and costs, and also introduces new rules for tax-exempt entities.
Key points
Temporarily increases tax deductions for improving energy efficiency in commercial buildings until 2032.
Allows tax-exempt organizations (like governments and non-profits) to benefit from these deductions.
Creates a new deduction option specifically for major energy-saving renovations in older buildings.
Expired
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