Senator To Visit Frederick Roofing Company to Discuss Bill
On Monday, September 19, U.S. Senator Ben Cardin (D-MD) will travel to Frederick, MD to unveil legislation that will help the struggling construction industry, create up to 40,000 new jobs nationwide and increase energy efficiency. The bipartisan bill will create economic growth by removing obstacles in the tax code that hinder the upgrading and modernization of roofs by significantly reducing the depreciation schedule for commercial roof retrofits.
The Energy-Efficient Cool Roof Jobs Act will provide economic incentives that will accelerate the adoption of energy-efficient roofs. The bill will change the current 39-year depreciation in the tax code for new commercial roofs to a shorter, 20-year depreciation schedule for commercial roof retrofits.
U.S. Senator Mike Crapo (R-ID) has co-sponsored the legislation, which has the support of the National Roofing Contractors Association (NRCA), Polyisocyanurate Insulation Manufacturers Association (PIMA), Alliance to Save Energy (ASE), American Council for an Energy-Efficient Economy (ACEEE), Associated Builders & Contractors (ABC) Building Owners and Managers Association International (BOMA), United Union of Roofers, among 9 other construction industry associations.
· WHAT: Senator Cardin to unveil bill that will aid construction industry
· WHEN: Monday, September 19 at 11 a.m.
· WHERE: Kalkreuth Roofing,
9001 Baltimore Road,