tax deductions for commercial buildings
| • | A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. The deduction equals the cost of energy efficient property installed during construction with a maximum deduction of $1.80 per square foot of the building. |
| • | Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. |
These deductions are available for buildings or systems placed in service from January 1, 2006, through December 31, 2008. IRS Notice 2006-52 provides guidance on deductions for energy efficient commercial buildings.
PUBLIC POLICY SEARCH
You can search the USGBC’s website for existing public policies based on numerous criteria, such as level of government, date of passage, location, type of building, and LEED rating system.
SEARCH NOW
|
