The Build Back Better Act, if passed, has some significant changes to the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction)....
The Department of the Treasury has issued detailed information about the Biden Administration's tax proposals for fiscal-year 2022. If passed, the legislation would make both the 45L Energy Efficient Home Credit and the 179D Energy Efficient Commercial Building Deduction more advantageous....
The ‘Growing Renewable Energy and Efficiency Now’ (GREEN) Act, aims to extend and boost tax incentives for energy efficiency and renewable energy. If passed, the GREEN Act would make both the 45L Energy Efficient Home Credit (45L Credit) and the 179D Energy Efficient Commercial Building Deduction (179D Deduction) more advantageous while furthering the green missions of these incentives....
The passing of the latest coronavirus relief bill titled the 'Consolidated Appropriations Act, 2021' ("CAA 2021") made permanent the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and extended the §45L Energy Efficient Home Credit (§45L Credit) through December 31, 2021....
If signed into law, the latest coronavirus relief bill titled the 'Consolidated Appropriations Act, 2021' ("CAA 2021") would make the §179D Deduction permanent and extend the §45L Credit through 2021....
The §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit are valuable tax incentives that encourage energy efficient design in both commercial and residential construction set to expire at the end of 2020. However the Extender Coalition seeks to extend them....
ICS Tax welcomes Steve Samos as the Director of Inspections to assist with the 45L Energy Efficient Home Credit....
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....