When Congressional leaders struck their bipartisan budget agreement last week, they included an AGC-supported provision extending an energy efficiency tax deduction for commercial buildings, commonly known as 179D. One of many provisions known as the “tax extenders,” the deduction expired on December 31, 2016, but was retroactively extended through December 31, 2017.
Shortly after the agreement, Kevin Brady, Chairman of the House Ways and Means Committee, announced that he intends to hold hearings over the next year to closely examine these tax extenders, with the goal of narrowing or modifying them in a post-tax reform world. We will closely monitor the Committee’s oversight action over the coming year.
For more information, contact Matt Turkstra at [email protected] or (202) 547-4733.