“The Moving Forward Act” Seeks to Modify and Extend 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit
Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...the "Moving Forward Act" seeks to modify and extend the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit)...
EXTENDED: 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit
The passing of the Taxpayer Certainty and Disaster Tax Relief Act of 2019, which is part of the Further Consolidated Appropriations Act, 2020, extended the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit. The new Act extends these two incentives, which expired December 31, 2017...
House Reaches Deal to Renew the Expired Tax Incentives Known as the Tax Extenders, Includes 179D and 45L
Lawmakers negotiating a year end budget bill reached agreement on December 16 to include tax extenders, which the House passed on December 17th. The Senate is expected to follow by the December 20 deadline to keep the government open. President Trump stated he has agreed to sign the measures. The...
The Fate of the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit
Almost daily, I receive questions about the status of the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit. These two incentives encourage sustainable building practices as well as stimulate the economy and create jobs...
“Taxpayer Certainty and Disaster Tax Relief Act of 2019” Seeks to Extend 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit through December 31, 2020
Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...the "Taxpayer Certainty and Disaster Tax Relief Act of 2019" seeks to extend the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit) through December 31...
Senate Finance Committee Established Task Forces to Consider Tax Extenders, which Include the 179D and 45L Energy Efficiency Incentives
The Senate Finance Committee has established bipartisan task forces to evaluate tax provisions that expired or expire between December 31, 2017 and December 31, 2019. Chairman Chuck Grassley said on the Senate floor that their work would begin immediately and wrap up by the end of June. Among other provision...
Proposed Legislation Titled “Tax Extender and Disaster Relief Act of 2019” Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives through December 31, 2019
Today, the “Tax Extender and Disaster Relief Act of 2019” was introduced by Chairman Grassley and Ranking Member Wydenhis, which seeks to extend several expired tax incentives including the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit)...
New Tax Court Case: Taxpayer Failed to Meet Definition of “Designer” under §179D Energy Efficient Commercial Building Deduction Allocation Rule
A recent court case denied a taxpayer the Energy Efficient Commercial Building Deduction under IRC §179D since it could not substantiate that it was the “Designer” under the incentive’s allocation rule...
New IRS Chief Counsel Memo Provides Clarification as to Eligible “Designer” for §179D Energy Efficient Commercial Building Deduction on Public Projects
On December 7, 2018, the IRS Office of Chief Counsel released AM 2018-005, which is a memorandum explaining the eligibility for allocation of the §179D Energy Efficient Commercial Building Property Deduction (§179D Deduction) for “designers” of public projects...