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Energy Efficient Commercial Buildings Act of 2021

12/31/2022, 9:00 AM

Summary of Bill HR 5181

The Energy Efficient Commercial Buildings Act of 2021, also known as Bill 117 HR 5181, is a piece of legislation introduced in the US Congress aimed at promoting energy efficiency in commercial buildings. The bill seeks to incentivize building owners to invest in energy-efficient technologies and practices by providing tax deductions for qualifying improvements.

Under the provisions of the bill, building owners who make energy-efficient upgrades to their commercial properties, such as installing energy-efficient lighting, heating, ventilation, and air conditioning systems, or improving insulation, would be eligible for a tax deduction. The amount of the deduction would be based on the energy savings achieved through the improvements.

The Energy Efficient Commercial Buildings Act of 2021 is designed to not only reduce energy consumption and lower utility costs for building owners but also to help reduce greenhouse gas emissions and combat climate change. By encouraging the adoption of energy-efficient technologies in commercial buildings, the bill aims to promote sustainability and environmental stewardship in the business sector. Overall, the Energy Efficient Commercial Buildings Act of 2021 represents a bipartisan effort to address the pressing issue of energy efficiency in commercial buildings and promote a more sustainable future for the United States.

Congressional Summary of HR 5181

Energy Efficient Commercial Buildings Act of 2021

This bill temporarily modifies the tax deduction for energy efficient commercial buildings for taxable years beginning after December 31, 2021, and before January 1, 2032. Among other provisions, the bill provides for a lower (25%) reduction of annual energy and power costs for certain energy systems, revises the maximum amount of the deduction, and allows an alternative deduction for costs relating to energy efficient retrofit building property.

Current Status of Bill HR 5181

Bill HR 5181 is currently in the status of Bill Introduced since September 7, 2021. Bill HR 5181 was introduced during Congress 117 and was introduced to the House on September 7, 2021.  Bill HR 5181's most recent activity was Referred to the House Committee on Ways and Means. as of September 7, 2021

Bipartisan Support of Bill HR 5181

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5181

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5181

To amend the Internal Revenue Code of 1986 to provide temporarily increase the deduction for energy efficient commercial buildings, and for other purposes.
Energy Efficient Commercial Buildings Act of 2021
Energy Efficient Commercial Buildings Act of 2021

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