House Introduces Bill Tying Tax Credit to ENERGY
December 7, 2009
Rep. John Yarmuth (D-KY) introduced legislation (H.R. 4112) recently
in the U.S. House of Representatives identical to the existing U.S.
Senate legislation (S. 1792) introduced in October that would modify
the requirements in the window tax credit. CLICK
HERE for more on the Senate bill.
If passed the legislation would modify the window tax credit in
the American Recovery and Reinvestment Act and tie it to 2010 ENERGY
STAR standards instead of the .30/.30 requirements. It would apply
to purchases made in 2010.
Groups such as the Glass Association of North America (GANA) and
the Window and Door Manufacturers Association (WDMA) have applauded
passage of the bill.
"Historically, GANA has largely supported the ENERGY STAR program.
Linking tax credits to benchmarks that do not line up with ENERGY
STAR requirements adds to the uncertainty that the glazing industry
has recently faced with regard to energy efficiency initiatives
at state and federal levels," says Bill Yanek, GANA executive
vice president. "What the glazing industry needs most now with
regard to energy-efficiency requirements and government incentives
is clarity. Linking tax credits to the ENERGY STAR program will
add clarity to energy efficiency incentives."
"WDMA commends Congressman Yarmuth for introducing his bill,
which will correct the one-size-fits-all approach of the current
tax credit and help consumers purchase the most appropriate energy
efficient windows, doors and skylights for their region of the country,"
says WDMA executive vice president Michael O'Brien. "Further,
the legislation will allow American manufacturers to create more
jobs and, as a result, provide a much-needed economic boost to the
entire housing industry."
The bill was referred to the House Committee on Ways and Means.
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