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BILL WOULD ACCELERATE DEPRECIATION SCHEDULE FOR ENERGY-EFFICIENT ROOFS

Thursday, September 22, 2011 - 1:30AM

Sen. Ben Cardin, D-Md., on Monday introduced S. 1575, the Energy-Efficient Cool Roof Jobs Act. The legislation provides economic incentives to upgrade and modernize commercial roofs by reducing the depreciation schedule for commercial roof retrofits. S. 1575 would allow commercial roofs that meet certain energy-efficiency standards and that are placed in service within the next two years to be depreciated over 20 years, instead of the standard 39-year depreciation period. Cardin says the bill’s passage would accelerate the adoption of energy-efficient roofs and create as many as 40,000 construction jobs.

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