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HVACR Industry Alliance Backs Bipartisan HVACR Expensing Bill
2017/08/10
August 8, 2017
WASHINGTON - The HVACR Alliance announced its endorsement of H.R. 3515, the HVAC Expensing and Technology (HEAT) Act. The bill, introduced by Reps. Pat Tiberi, R-Ohio, and Ron Kind, D-Wis., would allow commercial building owners to expense qualified HVACR equipment under Section 179 of the U.S. Tax Code.
 
The HEAT Act addresses one of the main policy priorities that were outlined by the Alliance in a Jan. 6, 2017, letter to Congressional leaders and the Trump administration. It would correct an issue that prevented the intended effect of the 2015 PATH Act, which expanded and made permanent Section 179 expensing and removed an exclusion which prohibited the expensing of HVACR products as capital equipment.
 
Paul Stalknecht, president and CEO of ACCA and current chairman of the HVACR Industry Alliance, stated, “I am pleased to see members of Congress moving forward on this important issue. It is time for the federal government to recognize the realistic lifespan of commercial HVACR equipment and adjust the depreciation schedule accordingly. Encouraging building owners to replace outdated, inefficient, and failing equipment is a win-win for our national energy policy and building owners. ACCA and the HVACR Industry Alliance looks forward to helping advance this legislation and correcting the 2015 PATH Act.”
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