The Energy Efficient Commercial Buildings Deduction (Section 179D of the Internal Revenue Code) was enacted by Congress to promote energy independence as it directs investors toward the proper allocation of incentives in the real estate development process. This REMI assessment evaluated the economic impact of three prospective approaches to the Section 179D deduction: strengthening and modernizing Section 179D, extending Current Law Section 179D plus expanding to non-profits and tribal governments, and extending Current Law Section 179D. Strengthening and enhancing the Section 179D Energy Efficient Commercial Buildings Tax Deduction provides assistance to industries involved in designing, building, and operating commercial buildings, as well as benefits the broader economy as it creates jobs and helps diversify the nation’s economy.
