22. Department of the Treasury · Minor · Needs Congress
Eliminate special business tax preferences such as the 179D building deduction
Printed page 697 22. Department of the Treasury
“Special business tax preferences, such as a special deduction for energy-efficient commercial building properties, should be eliminated.”
What has happened
- Partially done
The named example was eliminated; the category was not. Section 70507 of Public Law 119-21 terminated the section 179D energy efficient commercial buildings deduction for property whose construction begins after June 30, 2026, and Subtitle D of Title VII terminated or restricted a dozen further energy tax preferences (secs. 70501-70515, 70521-70525). But "special business tax preferences" as a class were not swept: sections 70421-70423 made opportunity zones, the low-income housing tax credit and the new markets tax credit permanent, and section 70308 enhanced the advanced manufacturing investment credit.
Research log
What was searched, and what didn’t count as evidence
Research notes
Operative text of sec. 70507 in full: “Section 179D is amended by adding at the end the following new subsection: “(i) Termination.—This section shall not apply with respect to property the construction of which begins after June 30, 2026.””
Leveled partial under the playbook’s open-ended-”all X” rule: the named object is gone but the class the Quote asks to eliminate was expanded elsewhere in the same law. Chapter 22 #1926 (repeal the Inflation Reduction Act’s green energy credits) is the major item on the same Subtitle D and is also partial.
- Action
- eliminate
- Object
- special business tax preferences (energy-efficient commercial building deduction)
- ID
- 1937