Sep 14, 2020
“You do the best you can with what’s thrown at you, then you try again.”
What does the Highway Bill, or HR 2 have to do with builders and raters?
What has happened to the “builders tax credit” over the course of the last few months and what is store as we head towards and through the upcoming presidential election?
Better known as 45L, Section 45L(c)(1)(A) and (B) of the US Internal Revenue Code (developed by David Goldstein of the NRDC), offers a $2,000 federal tax credit to builders for each energy efficient home they build and sell. As you may know the credit has lived an unsteady life, being on again and off again over the years since its inception, making it difficult for builders to act on this with certainty.
It’s important to realize that the trillion dollar Moving Forward package proposed by the Democratic House Caucus contains a proposal to amend the 45L tax credit, and create a performance based path, tied to the IECC.
Join us as we discuss 45L with Carl Chidlow, a registered federal lobbyist and Steve Baden and learn of the history, perspectives and future opportunities of this tax credit.
Hear about the over 300 RESNET small business owners who signed a letter to Congress in support of this and how you can get involved.
RESNET has created an advocate toolkit found here: https://www.resnet.us/about/advocacy/ with the tools and guidance on how to contact your member of Congress and promote issues important to the membership.
While COVID-19 makes in person meetings almost impossible Congressional staff are still working remotely and have adapted to using conference calls and technology (eg ZOOM) to engage with constituents. Environmental stewardship is going to be a touchstone issue for the next four years.
RESTalk: To the RESNET community, we hear you and want to engage.
Pros can learn more at www.RESNET.us/professional
Consumers can learn more at www.RESNET.us
Or for more info on this topic contact RESNET at INFO@RESNET.US