Obama Energy Agenda Includes Conversion of Tax Deduction to Credit

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

President Obama launches a campaign to make commercial building space in the United States 20 percent more energy efficient by 2020, in part through changes to the tax code Section 179D for businesses that make such upgrades. Obama's five-pronged Better Buildings Initiative includes a conversion of the current deduction for energy efficient commercial buildings to a credit.

Request Daily Tax Report