The 179D energy efficiency tax deduction has been extended retroactively for improvements completed by the end of 2017. This financial incentive is geared towards: 1) building owners (commercial or multifamily), 2) tenants making improvements, and 3) architects, engineers, and other designers of government buildings. The tax deduction is worth up to $1.80 per square foot … Read More
Energy Tax Incentives
45L: The Energy Efficient Home Credit – Extended through 2017
Homebuilders and multi-family developers have a unique opportunity to capitalize on an energy efficient home credit that is often overlooked. Low-rise apartment developers and homebuilders are eligible for a $2,000 tax credit for each new or rehabbed energy efficient dwelling unit that is first leased or sold by the end of 2017. Taxpayers also have … Read More
KBKG Tax Insight: Congress Retroactively Extends Temporary Tax Breaks for 2017 in Budget Bill
President Trump just signed and enacted a 2-year budget bill that extends government funding through March 23 and also retroactively extends numerous tax breaks that had previously expired. The majority of the tax extenders included in the bill are renewed for one year through the end of 2017. Among these tax breaks are various provisions … Read More
KBKG Tax Insight: Can You Claim 45L Tax Credits Retroactively?
Yes, 45L tax credits can be claimed retroactively if they have been missed on prior tax returns. Since 45L tax credits are triggered in the year that a dwelling unit is first leased or sold, some taxpayers incorrectly think that the tax credits need to be claimed timely on current year tax returns. In reality, … Read More
45L: The Energy Efficient Home Credit – Infographic
Homebuilders and multi-family developers have a unique opportunity to capitalize on an energy efficient home credit that is often overlooked. The 45L Tax Credit offers $2,000 per qualified dwelling unit that can also be claimed retroactively if missed in prior years; however, the clock is ticking. There is a limited timeframe for claiming missed credits, … Read More
Affordable Housing Developers & Investors are Often Missing Out on $2,000 per Unit
Affordable housing developers benefit from various tax credits from Low-Income Housing Tax Credits to Rehab Credits yet they still fail to claim a tax credit that is often geared towards their developments: the Section 45L Tax Credit. Section 45L is a commonly overlooked section of the tax code that rewards energy efficient dwelling units with … Read More
45L Tax Credit study 58 units apartments Texas
KBKG performed a 45L Tax Credit energy analysis on a Texas residential complex and found that 12 of the 31 dwelling units sold in 2012 and 15 of the 27 dwelling units sold in 2013 provided a level of heating and cooling energy consumption that is at least 50 percent below that of a reference … Read More
45L Tax Credit study 56 units apartments Los Angeles California
Summary: 56 units. Apartment complex. 12 buildings. All 56 units qualified. Results: Section 45L Tax Credits for 2011 = $112,000 Details: 12 buildings, 56 units apartments located in Los Angeles, California. The apartments is a 56-unit complex comprised of 12 buildings that are each no more than 3 stories above grade. 56 dwelling units were … Read More
45L Tax Credit study 56 units apartments Bakersfield California
Summary: 56 units. Apartment complex. All 56 units passed. Results: Section 45L Tax Credits for 2011 = $112,000 Details: The apartments located in Bakersfield, California is a 56-unit residential complex comprised of 6 buildings that are each no more than 3 stories above grade. 56 dwelling units were leased to residents in 2011. The apartment … Read More
45L Tax Credit study 91 units apartments Panorama City California
Summary: 91 units. Apartment complex Results: Section 45L Tax Credits for 2011 = $196,000. Details: The 98-unit senior apartment complex in Panorama City, California, comprised of 2 buildings that are each no more than 3 stories above grade. 98 dwelling units were leased to residents in 2011. The property is located in Climate Zone 3B … Read More
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