Clean Energy for America Act Proposes Significant Changes to the §179D Deduction

Update: On February 9, President Trump signed into law the Bipartisan Budget Act of 2018. This new law retroactively renews the §179D deduction for 2017. Therefore, commercial building owners and primary designers may now claim the deduction for qualifying energy-efficient projects completed in 2017. At this time, however, Congress has not taken any action to [...]

By |2018-02-15T16:31:29-07:00May 30th, 2017|Uncategorized|Comments Off on Clean Energy for America Act Proposes Significant Changes to the §179D Deduction

California Considers Legislation to Expand Sales Tax Exemption for Manufacturing and R&D Equipment

Since 2014, California has allowed certain businesses engaged in manufacturing and research and development (R&D) activities to pay a substantially lower sales tax rate when they purchase or lease qualifying equipment. Specifically, eligible businesses are only required to pay state sales and use tax at 3.3125 percent, as opposed to the regular rate of 7.25 [...]

By |2017-05-10T20:48:34-07:00May 10th, 2017|Uncategorized|Comments Off on California Considers Legislation to Expand Sales Tax Exemption for Manufacturing and R&D Equipment