On July 25, National Electrical Manufacturers Association (NEMA) President and CEO Evan R. Gaddis sent a letter to the Senate Finance Committee urging it to consider technology-neutral, energy-efficiency tax incentives developed by the association.
NEMA’s tax proposal meets the three requirements established by the committee:
- grow the economy
- make the tax code fairer
- promote energy efficiency
“Our proposal establishes tax incentives for energy efficiency in buildings, industrial applications, and the electric grid,” said Gaddis. “Additionally, NEMA members currently manufacture technologies that can help reach the objectives of the Senate Finance Committee.”
NEMA’s proposed tax incentives would grow the economy by boosting the manufacturing of energy-efficient technologies, make the tax code fairer because it is technology-neutral, and promote the national policy objective of energy efficiency.
The letter and proposal are available on the NEMA website.
NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Arlington, Virginia. Its 400-plus member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Total U.S. shipments for electroindustry products exceeds $100 billion annually.
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