NEMA & AIA Call on Congress to Increase Commercial Building Tax Deduction
The National Electrical Manufacturers Association (NEMA), Rossyln, Va., and the American Institute of Architects (AIA), Washington, D.C., have called on Congress to increase the Energy Efficient Commercial Building Tax Deduction from $1.80-per-square-foot to $3-per-square foot to help stimulate immediate job creation.
According to NEMA President and CEO Evan R. Gaddis, the increase would provide a valuable job-stimulating incentive to retrofit and renovate existing commercial buildings. “This tax incentive has a proven record of success in supporting thousands of construction, electrical, design, contractor, and manufacturing jobs prior to the recession. An increase is needed to address tight capital and other financing issues facing building owners. This is the type of measure that fits with the outlines of President Obama's jobs stimulus announcement on December 8, 2009,” Gaddis said. NEMA press release
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.