The Commercial Building Modernization Act (S.3591), has been introduced to the Senate to reform, extend, and simplify the Section 179D federal tax deduction, with bipartisan support. The Section 179D federal tax deduction is currently available as a deduction of up to $1.80/ft.2 for new buildings and/or retrofits that achieve significant energy and power cost savings.
Five years after states started shedding construction jobs in advance of the recession, construction employment is down in every state — in some cases, by more than 50 percent, according to an analysis of Census Bureau data by the Associated General Contractors of America (AGC).
Rising numbers of nonresidential construction jobs — likely spurred on by warmer than expected weather — led to an additional 17,000 construction jobs in December, according to an analysis of federal employment data by the Associated General Contractors of America (AGC).