The bill introduces an incentive structure wherein property owners can deduct specific amounts, based on the type and extent of improvements made, contributing to higher indoor air quality standards. A qualified indoor air quality assessment can yield a credit of $1 per square foot, air filter upgrades offer $5 per square foot, and HVAC upgrades provide a more substantial $50 per square foot. This financial framework is intended to alleviate the cost burdens associated with improving indoor environments and could positively affect public health by promoting healthier buildings.
House Bill 9000, known as the Airborne Act of 2024, aims to amend the Internal Revenue Code of 1986 by introducing a tax credit for qualifying indoor air quality assessments and improvements. The bill establishes a framework for property owners to claim credits on expenses related to qualified indoor air quality assessments, air filter upgrades, and HVAC upgrades. These credits are designed to encourage investment in properties to enhance indoor air quality and energy efficiency, making them more compliant with established environmental standards.
Notably, the bill may face considerations regarding its implementation and the capacity of the Secretary of Energy, alongside the EPA, to develop certification standards for compliance. Questions may arise about the specific definitions of 'qualified assessments' and upgrades, and how these certifications will affect the broader market for HVAC and filtration systems. Some stakeholders may also express concerns over the effectiveness of tax credits versus direct funding or support for upgrading systems, potentially fostering a debate on the most effective means to enhance air quality and energy efficiency in buildings.