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Time Is Running Out: 4 Things to Know About 179D

At the end of 2013, several energy tax provisions are set to expire if they are not extended by congress.  Among them, the Section 179D credits may provide for potential tax incentives for contractors, architects, and engineers who have performed work for Federal, State or local government entities.  A maximum deduction of $1.80 per square foot of energy-efficient building improvements can result in enormous tax credits to the allocated party.  If your company has been involved in building envelope, lighting, or HVAC improvements for governmental customers, it is important to understand this tax provision.

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