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ACEC News / Advocacy

December 20, 2019

Congress Includes Tax Policy in Budget Deal; Bill Awaits President's Signature

by Katharine Mottley

Congress extended expired tax provisions as part of a year-end budget deal in December, including the Section 179D energy-efficient commercial buildings tax deduction and the Section 45 production tax credit for renewable resources. Most were reinstated retroactively for 2018 and 2019, and prospectively for 2020.

The multi-year extension of Section 179D and Section 45 were centerpieces of the Council's tax policy agenda in 2019.

President Trump is expected to sign the legislation into law today to avert a government shutdown.

Additional provisions in the budget bill include a package of retirement savings incentives and tax provisions designed to assist individuals and businesses affected by natural disasters. The legislation also repealed three taxes that were part of the Affordable Care Act: the health insurance tax on fully insured plans sold to individuals and small firms, the medical device tax, and the ‘Cadillac tax’ on high-cost health insurance plans.

ACEC will continue to urge Congress to provide more certainty regarding key tax provisions.

Katharine Mottley is ACEC Senior Director Tax and Regulatory Affairs.


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