Louisiana Parking Garage Qualified for $104,879.95 in 179D EPAct & Abandonment Tax Benefits

An energy tax certification was performed on this parking garage facility following the installation of energy efficient lighting. This facility qualified for the full lighting benefit of $0.60/sq. ft. resulting in a $60,515 179D Tax Deduction.

In conjunction with the 179D tax benefit, Engineered Tax Services was able to recognize an abandonment/disposition savings. ETS was able to determine and identify the cost basis for the removal of the old lighting system removed and destroyed for federal income tax purposes. The remaining un-depreciated basis was found to be $44,364.55.

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, Abandonment/Disposition and other specialty tax engineering studies.

Author

Engineered Tax Services

Engineered Tax Services

Recent Posts

IRS notice

Understanding IRS Notice N-2023-67

The U.S. tax code is an evolving landscape, especially when it comes to sustainability and energy-efficient housing. That’s why IRS Notice N-2023-67 has become a focal point for professionals in the construction and real estate industries. If you’re wondering what this notice entails and how it can affect your business or personal finances, you’re in

Read More »
logistics tax strategies

Why Cost Segregation Is a Key Logistics Tax Strategy 

In the demanding world of logistics, where every cent counts, cash flow optimization is crucial. Sure, it’s essential to trim expenses and enhance efficiency, but have you ever considered that a fresh take on your tax strategy could also lead to serious savings?   This is where cost segregation enters the picture. This blog post is

Read More »

Contact Us