Airborne Act of 2026

Financial Incentives for Air Quality Improvements: The bill provides tax credits for qualified indoor air quality assessments ($1 per square foot), air cleaning system upgrades ($5 per square foot), and HVAC upgrades ($50 per square foot) (Section 2(a)(1) and (a)(2)).

Increased Incentives for Labor Standards: Taxpayers can receive increased credits—$25 per square foot for air cleaning systems and $250 per square foot for HVAC upgrades—if they meet prevailing wage and apprenticeship requirements (Section 2(a)(2)(B)).

Support for Workforce Development: The bill encourages the use of apprentices, requiring that at least 15 percent of total labor hours for certain upgrades be performed by qualified apprentices (Section 2(a)(2)(B)(iii)).

Benefits for Non-Profit and Public Entities: The credit is available for property owned by 501(c)(3) organizations, as well as Federal, State, or local government property (Section 2(a)(5) and Section 2(e)).

Limitations on Credit Amounts: The credit for HVAC and air cleaning system upgrades is capped, and cannot exceed 50 percent of the total amount expended by the taxpayer (Section 2(d)(1)).

Restrictions on Assessment Credits: The credit for indoor air quality assessments cannot exceed the actual amounts paid or incurred for those assessments (Section 2(d)(2)).

Requirement to Reduce Property Basis: The basis of any property receiving this credit must be reduced by the amount of the credit allowed (Section 2(f)).