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May 9, 2012 By AMK

GSA dangled tax break before contractors, but asked for a piece

For seven months in 2011, the General Services Administration offered to give a tax break to contractors that made federal buildings more energy efficient. The agency, however, wanted a little something in return, the Associated Press reported on May 3rd.

From May 18 to Dec. 23, GSA told contractors they would receive a tax deduction for environmentally friendly building enhancements, but only if they qualified and wrote the agency a check for 19 percent of the value, according to AP. The offer raised concern on Capitol Hill over whether it is legal for GSA to try to raise money without congressional approval.

Keep reading this article at: http://www.govexec.com//contracting/2012/05/gsa-dangled-tax-break-contractors-asked-piece/55588/.

Filed Under: Government Contracting News Tagged With: green, GSA, sustainability, tax deduction

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