Monday, March 2, 2009

Storm Windows and the Stimulus Package

During the Storm Window Task Group meeting, Thom Zaremba of Roetzel & Andress discussed tax credits for storm windows in light of passage of the American Recovery and Reinvestment Act of 2009.

According to Zaremba, when it comes to tax credits storm windows fall into a different category than windows, doors and skylights. For one, in order to qualify for tax credits storm windows are not subject to the 0.30/0.30 requirements for U-factor and solar heat gain coefficient.

Instead, eligibility is assessed over a base window and must comply with either the 2001 supplement of the 2000 International Energy Conservation Code (IECC) or the 2004 supplement of the 2003 IECC.

To determine eligibility, storm window manufacturers are directed to provide certified “statements of compliance” for classes of products that meet IRS requirements and make them available on their Web sites. Consumers would then download these statements and use them to show compliance when filing their tax returns.

Zaremba emphasized that different people have different interpretations of how the American Recovery and Reinvestment Act affects storm window tax credits. “We don’t have the final word on this yet,” Zaremba said.

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