Google To a commercial building owner, it is always important to reduce operating costs and an important strategy to achieve reductions is to implement energy efficiencies. In terms of climate/thermal controls, this can mean investment in combinations of energy efficient systems and innovative passive heating and cooling designs like well-placed windows and walls. The key [...]
We are asked almost daily by someone if we think §179D will return soon. The past few weeks have seen some positive activity on Capitol Hill regarding a long-awaited tax extenders package. However, with midterms fast approaching there is little chance until perhaps 2016 for efficiency incentives to return. In addition, there are two competing proposals: The Senate Finance [...]
Google A recent client came to us after having retrofitted their 240,000 square foot, 24-story office building, and were in search of potential tax incentives that would help offset the cost. They had completely reconstructed the exterior façade and replaced the windows with the goal of improving the look and feel of the building while [...]
Google By Rich Maiolo, Director of Business Development The recent finalization of the IRS regulations Tangible Property Regulations - 080713 v1 and IRS Revenue Section 263(a) that delineates “Changes to Asset Classification under Tangible Property Regulations” will give commercial building owners a way to help pay for long life building systems and component repair and/or [...]
HILTON UNIVERSAL CITY LAUNCHES LARGEST PACE PROJECT IN THE U.S. The LA PACE financial tool fuels $7 million investment in green building upgrades Los Angeles, CA—The Hilton Los Angeles/Universal City is utilizing Los Angeles County PACE financing to fund an astounding $7 million worth of sustainable upgrades, making it the largest commercial PACE (Property Assessed Clean Energy) [...]
In just a few weeks, companies will no longer be able to plan for qualified §179D offsets on future projects. However, there is – and will be - time to claim “catch up” on deductions under this strategy. Enacted under the EPAct of 2005, this opportunity grants tax deductions to newly constructed or retrofitted commercial [...]
Phoenix, AZ – August 9, 2013 Phoenix-based consulting firm, Capital Review Group (CRG), has announced enhanced service offerings under the new name of Tangible Property Services™. CRG developed the consulting service for corporate taxpayers to ensure that they are in compliance with new IRS Tangible Property Regulations, and assist them in claiming potential deductions and capturing losses [...]
In June, the Department of Energy (DOE) Advanced Research Projects Agency – Energy (ARPA-E) budget was cut by 80% - from $252 million to $50 million, severely limiting the DOE’s research arm for developing clean energy technologies, in spite of a request by the Obama administration for an increase in funding to ARPA-E. Additionally, funding [...]
Tax deductions for building efficiency measures taken under IRS §179D, originating as part of the Energy Policy Act of 2005 may no longer be available in 2014. The allowed deductions of up to $1.80 per square foot under §179D for improving the energy efficiency of existing commercial buildings, new construction, government buildings and non-profit buildings are [...]
If you own retail property or a restaurant and are considering an improvement, the time to act is now! The recently passed American Taxpayer Relief Act provides immediate incentives for retail property and restaurant property owners. Under pre-Act law, qualified restaurant property and qualified retail improvement property that was placed in service before 2012 was [...]