Green by Design – 179D Tax Incentives for Architects
Although 179D expired Dec 31, 2013, there are still opportunities to take advantage of this tax credit before it is truly gone. As you file your 2013 taxes, remember candidates for 179D include buildings of private property owners placed in service between January 1, 2006 and December 31, 2013 along with architects, engineers and contractors of government buildings whom may go back three years to obtain this benefit.
- New Construction, Renovation, and Upgrades
- Placed in Services Dates of: Jan 1, 2006 – Dec 31, 2013
- Benefits Private Property Owner or
- Architects, Engineers and Contractors (3-Yr Look-back)
- Building Types: Schools, Government, Office, Retail, Hospitality, Industrial,
- Manufacturing, Healthcare, Parking Garages
Recently Completed Study on a Government Building:
Following the signing of the EPAct gifting letter, this architect was then able to take advantage of the EPAct tax deduction which allowed the architectural firm to work to maximize energy savings for that government building. An energy tax certification was performed on an this Alabama university housing facility following the installation of energy efficient assets which qualified for a $269,652.60 179D tax deduction. The 149,807 sq. ft. building qualified for the full $1.80 / sq. ft. tax deduction per the Energy Policy Act guidelines.
ETS performs a thorough engineering process to meet all the requirements and receive the maximum benefit for our clients. To learn more about how you can benefit from 179D and other specialty tax engineering studies, phone Engineered Tax Services at 800-236-6519