Tag Archives: Energy Policy Act Of 2005

The Commercial Building Tax Deduction (CBTD) gives building owners a tax benefit of as much as $1.80 per sq ft for qualifying energy efficient improvements, effectively lowering the investment required to build green, update or replace an outmoded system. The return–in the form of utility bill savings and accelerated tax deductions–creates a genuine financial incentive at a time when building owners could really use one. Read More →

Brief: Federal Energy Efficient Commercial Buildings Tax Deduction

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. 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 tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013. Read More →

This legislation can improve cash flow so that funds are available for reinvestment or to meet other current needs.

On October 3, 2008, President Bush signed into law H.R. 1424 and extended the Energy Efficient Commercial Building Tax Deduction as part of the Emergency Economic Stabilization Act of 2008. Read More →

Green cities create community good will and ensure long-term economic vitality.

Benefits of Governments Going Green:
• Enhance employee productivity
• Reduce operating costs (energy, water, resource use)
• Improve transportation options and networks
• Improve air quality
• Expand parks, green space and tree cover
• Enhance river, stream and ecosystem health
• Reduce heat island effect
• Minimize greenhouse gas emissions
• Advance recycling, composting and waste reduction

President Bush Signs Green Building Tax Deduction Into Law:
On October 3, 2008, President Bush signed into law H.R. 1424 and extended the Energy Efficient Commercial Building Tax Deduction as part of the Emergency Economic Stabilization Act of 2008. Read More →

According to a joint study released by Deloitte and Charles Lockwood, a growing number of companies are implementing green retrofits of their buildings to save money, improve productivity, lower absenteeism and healthcare costs, strengthen employee attraction and retention, and improve their corporate sustainability reports and brand equity – all at a relatively modest cost. However, timing is important for companies seeking to use green retrofits as a point of competitive differentiation. The earlier a company performs a green retrofit, the more differentiation it stands to gain, as we believe that the increasing interest in green building among businesses and lawmakers will soon make green construction practices mainstream. Read More →

On August 8, 2005, President Bush signed H.R. 6, The Energy Policy Act of 2005 ( Public Law 109-58 ) into law. This legislation created a new tax incentive for constructing energy efficient commercial buildings. Specifically, Section 1331, the Commercial Building Tax Deduction, establishes a tax deduction for expenses related to the design and installation of energy-efficient commercial building systems. The AIA strongly supported this provision and played a major role in its legislative development. AIA National also helped form a partnership with other concerned stakeholders and through this partnership, developed implementation recommendations for building owners to obtain this tax deduction. Please note that the tax deduction is not a tax credit (an amount directly subtracted from the tax owed), but a deduction –an amount subtracted from gross taxable income. Tax deductions result in benefits to the taxpayer; thus this newly created program can be used as an incentive to urge clients to choose energy efficient building systems. However the deduction is only applicable to building systems installed before January 1, 2009 so it is important to take advantage of this deduction before its expiration. Read More →

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