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Legislative Update

On December 18, 2015, Congress passed and the President signed HR 2029, "Consolidated Appropriations Act of 2015." Included in the legislation is a provision that reinstated the deduction (which had expired on December 31, 2014) for 2015 and through December 31, 2016.

There was no change to the $1.80 per square foot ($0.60 per system) deduction. The extension did change the referenced ASHRAE standard for projects placed in service after December 31, 2015, per below:

  1. The term 'Standard 90.1-2007' means Standard 90.1-2007 of the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America (as in effect on the day before the date of the adoption of Standard 90.1-2010 of such Societies).
  2. Subsection (f) of section 179D is amended by striking "Standard 90.1-2001" each place it appears in paragraphs (1) and (2)(C)(i) and inserting "Standard 90.1-2007".
  3. (3) Paragraph (1) of section 179D(f) is amended-
    • (A) by striking "Table 9.3.1.1" and inserting "Table 9.5.1", and
    • (B) by striking "Table 9.3.1.2" and inserting "Table 9.6.1".
    EFFECTIVE DATE.-The amendments made by this subsection shall apply to property placed in service after December 31, 2015.

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