Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...
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, through the end of 2020....
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 §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit were among two incentives to be extended....
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....
Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...
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, the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit) are under consideration....