kcjenkins Posted July 29, 2008 Report Share Posted July 29, 2008 http://tinyurl.com/6ghy4e This one should be read by all tax professionals, IMHO. It's more understandable than most such discussions, and focused on the tax implimentation. Check it out. Quote Link to comment Share on other sites More sharing options...
jainen Posted July 30, 2008 Report Share Posted July 30, 2008 >>more understandable than most<< I can't understand it. The article is about "The ability to maximize the utilization of more daylight." Well, that might be fine for someone else, but personally I'd rather maximize the utilization of more moonshine! Quote Link to comment Share on other sites More sharing options...
PapaJoe Posted July 30, 2008 Report Share Posted July 30, 2008 I'd rather maximize the utilization of more moonshine! I'll vote for that! Quote Link to comment Share on other sites More sharing options...
JohnH Posted July 30, 2008 Report Share Posted July 30, 2008 The article made a big deal out of passive solar sources. Now if someone can just invent a skylight that won't start leaking after 2-3 years, they may be onto something. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted July 30, 2008 Report Share Posted July 30, 2008 Please excuse my ignorance on this credit. Isn't this the one for home builders or construction companies only? It does not apply to the owner of the building, does it? I started to read the article and got busy and had to leave it. Any quick overview? Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted July 31, 2008 Author Report Share Posted July 31, 2008 Tom, the The Energy Policy Act of 2005 (EPAct)1 added Code Sec. 179D, which provides for up to a $1.80 per square immediate tax deduction for building investments that achieve specifi ed energy cost reductions above ASHRAE 20012 building energy code standards. That is for the owner of the business property, so that could be any client who is building, or planning to build, a new property. The second area that applys to business owners, not builders, here is this part: Those facilities that already have energy efficient lighting at the EPAct qualifying level can obtain an immediate tax deduction of up to 60 cents per square foot using the free riding path, provided they meet all of the normal EPAct lighting project requirements. With free riding, the energy performance accomplishments of the existing lighting platform are taken into account and the EPAct permits a tax deduction provided that there is a new lighting investment. Many companies that already have energy efficient lighting are using free riding to obtain tax deductions for investments in further energy reducing lighting, lighting controls, sensors and daylight harvesting. Quote Link to comment Share on other sites More sharing options...
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