09 Jun '11, 12pm

Note to Congress: This is How to Encourage Better Buildings

Note to Congress: This is How to Encourage Better Buildings

A few weeks ago USGBC, along with the Natural Resources Defense Council and the Real Estate Roundtable, spearheaded the development of a letter sent to several key Senators on proposed changes to the tax deduction for energy-efficient commercial facilities, as put forth by President Obama as a component of the Better Buildings Initiative . The letter outlines a few key principles uniting an extremely broad stakeholder community around commercial and multifamily energy efficiency, and you can take a look here . As background, the tax policy, known as Section 179D, was designed to encourage the construction of energy-efficient commercial buildings. The section allows a building owner to take a deduction of up to $1.80 per square foot of space for buildings that are constructed to be 50 percent better than the 2001 energy code. Enacted in 2005, back before the recession decim...

Full article: http://www.greenbiz.com/blog/2011/06/09/note-congress-how...

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