President Bush has signed into law an extension of the Energy Policy Act of 2005 that will continue to provide the $1.80 per square foot tax deduction for energy efficient commercial and industrial building upgrades through December 31, 2013. This five-year extension was passed by the Senate on October 1 by a vote of 74-25 and by the House on October 3 by a vote of 263-171 as part of the Emergency Economic Stabilization Act of 2008. The Energy Policy Act of 2005 provides valuable tax deductions for businesses that complete energy efficient upgrades on their lighting, … Continue reading