Extended benefits

Aside from the provisions designed to improve the financial system, I am pleased to report the new law extends a number of key tax incentives for energy efficiency and renewable sources of energy — long-standing AIA priorities. Specifically, the energy efficiency commercial building tax deduction, a critical federal incentive for green commercial building that was set to expire at the end of the year, will be extended until December 31, 2013. The extension of this deduction has been one of the AIA’s top legislative priorities for nearly two years.

From a letter praising the expansive bailout law just put through, sent yesterday by AIA president Marshall Purnell’s office.

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