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E-QUIP Act Re-Introduced


On April 1, Representatives Brad Schneider (D-IL) and Tom Rice (R-SC) re-introduced the "Energy Efficient Qualified Improvement Property Act" (the "E-QUIP Act"), which would simplify the tax depreciation schedule to make high performance upgrades of commercial and multifamily buildings more financially feasible. Under the current tax code, cost recovery varies widely across different types of building improvements. The E-QUIP Act (H.R. 2346) would simplify the code and provide for a uniform 10-year depreciation period for a wide range of high-performance energy-efficient building improvements. 

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