The National Electrical Manufacturers Association (NEMA) today expressed dismay that the Senate was not able to find a bipartisan basis for passing needed tax-extender legislation, including a two-year extension of the Energy Efficient Commercial Buildings Tax Deduction (also known as Section 179D) as part of the
Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act(S 2260).
Previously passed on a bipartisan vote by the Senate Finance Committee, the legislation would have extended 55 tax provisions that expired at the end of 2013. The vote was 53 to 40 (60 votes were needed).
According to NEMA President and CEO Evan R. Gaddis, “The failure by the Senate to pass tax-extender legislation is very disheartening. Earlier this week the Senate failed to pass bipartisan energy-efficiency legislation, and now tax extenders. Both of these bills have strong bipartisan support. Our elected leaders need to work together to overcome the hyper partisanship that has infected the ability to get things done."
In addition to the 179D provision, the Senate bill also included extension of the research and development tax credit, the credit for electric vehicle charging stations, the production tax credit for wind power, and other renewable provisions. All of these expired on December 31, 2013.
The National Electrical Manufacturers Association (NEMA) represents nearly 350 electrical equipment and medical imaging manufacturers at the forefront of electrical safety, reliability, and resilience, as well as efficiency and energy security. Our combined industries account for 360,000 American jobs in more than 7,000 facilities covering every state. Our industry produces $106 billion shipments of electrical equipment and medical imaging technologies per year with $36 billion exports.