This week, NEMA President and CEO Evan Gaddis sent a letter to congressional leadership. In this letter, he calls upon congress to pass the expiring tax provisions this year. In short, the provisions outlined in his letter are: the extension of the energy-efficient commercial buildings tax deduction, accelerated depreciation for Smart metering and Smart Grid technologies, and tax credits for energy-efficient motors. By using the provide link, you too, can send your elected officials a letter of support for these provisions. Congress needs to hear from you, so please click on the link below…
Below is a press release on this topic.
NEMA Calls on Congress to Pass Energy Tax Legislation ROSSLYN, Va., September 3, 2008 Today, the National Electrical Manufacturers Associations (NEMA) President and CEO, Evan Gaddis, sent a letter to U.S. House and Senate leadership voicing NEMAs support for comprehensive energy tax extension legislation. This year, Congress has been unable to agree on any energy tax legislation that can be sent to the President for his statutory signature. On December 31, 2008, many current tax provisions, which are being used by millions of individuals and companies, will expire. In the letter sent to Congressional leadership, Mr. Gaddis outlines the need to extend these provisions and emphasized several incentives that should be included in legislation. These provisions needed to extend the energy efficient commercial building tax deduction, a transitional tax credit to encourage investment in energy-efficient electric motors, and a decrease in the depreciable life to 15 years of qualifying Smart Meters and Smart Grid technologies installed by a utility. For Congress to pass truly comprehensive and effective legislation, these provisions need to be included. These incentives aid NEMAs members, which is especially critical in lagging U.S. economy. Mr. Gaddis states. Congress needs to come together, put partisanship aside, and pass meaningful legislation now. NEMA is the trade association of choice for the electrical manufacturing industry. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end-use of electricity. These products are used in utility, medical imaging, industrial, commercial, institutional, and residential applications. Domestic production of electrical products sold worldwide exceeds $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing, São Paulo, and Mexico City.### NEMA. Setting Standards for ExcellenceVisit our website at www.nema.org