2020 Federal Legislative Priorities

 

Energy Savings and Industrial Competitiveness Act

Advancing energy efficiency in buildings is a core objective for BOMA. This important legislation will establish energy efficiency targets in new building codes, after considering the upfront costs associated with efficiency gains. Additionally, the Department of Energy must publish an investment analysis, requiring public comment before efficiency targets are developed.

BOMA International Energy Savings and Industrial Competitiveness Act position.
BOMA International Energy Savings and Industrial Competitiveness Act One-Pager PDF.

Qualified Improvement Property

During tax reform, leasehold depreciation was inadvertently reverted from a 15-year to a 39-year leasehold depreciation schedule. Now referred to as Qualified Improvement Property (QIP), restaurant, retail and leasehold property also do not qualify for the 100% bonus depreciation that expires in 2022 because of the error. BOMA International is working with members of Congress to get this error corrected as soon as possible.

BOMA International Qualified Improvement Property position.
BOMA International Qualified Improvement Property One Pager PDF.

179D

The Energy Efficiency Commercial Buildings Tax Deduction is vital to continued upgrades to energy efficiency in commercial properties. This is the only federal incentive that allows commercial buildings to upgrade their energy efficiency technology. BOMA continues to fight to make this deduction a permanent component of the tax code.

BOMA International 179D position.
BOMA International 179D One Pager PDF.

Other Legislative Issues

Beyond our priority issues, BOMA tracks additional legislation – including fire sprinkler incentives, terrorism insurance, and flood insurance – as it arises that may impact the commercial real estate industry.

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