Energy Tax Incentives Tax Insights

Expanded 45L Tax Credits Boost Affordable Housing Development

Expanded 45L Tax Credits Boost Affordable Housing Development

02/05/2024

Expanded 45L Tax Credits Boost Affordable Housing Development The Inflation Reduction Act (IRA) has ushered in a significant expansion of the 45L Tax Credit, providing a substantial boost to affordable housing developers. These tax credits have seen an impressive increase, now offering up to $5,000 per unit – nearly a threefold jump from previous amounts. … Read More

Why Allocation Letters are Needed to Claim 179D

Why Allocation Letters are Needed to Claim 179D

11/07/2023

Why Allocation Letters are Needed to Claim 179D A guide on the intricacies of designers securing an allocation letter to claim 179D Thought Leadership from Jillian Jones, Senior Manager – Green Building Tax Incentives Architects and designers play a crucial role in creating energy-efficient, tax-exempt buildings, and many need to be made aware of how … Read More

Green Building Tax Incentives and How the Inflation Reduction Act Expanded Them

Green Building Tax Incentives and How the Inflation Reduction Act Expanded Them

09/30/2023

Green Building Tax Incentives and How the Inflation Reduction Act Expanded Them A guide to how building owners and designers benefit from constructing a more sustainable future To create more environmentally responsible practices in the construction sector and boost the utilization of energy-efficient materials in commercial and residential buildings, the federal government has implemented a … Read More

Optimizing Tax Benefits Through Green Building Tax Incentives

Optimizing Tax Benefits Through Green Building Tax Incentives

09/29/2023

Optimizing Tax Benefits Through Green Building Tax Incentives A guide on how claiming Green Building Tax Incentives results in additional tax benefits With more building owners and designers constructing commercial and residential buildings that meet the energy-efficiency standards to qualify a project for Green Building Tax Incentives, candidates should also know what other opportunities for … Read More

Prevailing Wages and Green Building Tax Incentives

Prevailing Wages and Green Building Tax Incentives

09/29/2023

Prevailing Wages and Green Building Tax Incentives A guide on how paying prevailing wages impacts Green Building Tax Incentives Taking advantage of Green Building Tax Incentives has proven to be a financially viable way to reduce one’s tax burden when constructing or designing sustainable and environmentally friendly buildings. While the signing of the Inflation Reduction … Read More

Putting Dollars Back in Classrooms

Putting Dollars Back in Classrooms

06/26/2023

School districts have traditionally resorted to private contributions from the community to raise funds for necessary projects that provide an interactive, quality education for students. While this method is proven to be effective, many leaders of K-12 school districts need to be made aware of how specific tax incentives set forth by the federal government … Read More

Top Five Questions Architects Ask About 179D

Top Five Questions Architects Ask About 179D

05/22/2023

Top Five Questions Architects Ask About 179D Architects’ role in reducing the carbon footprint has left many wondering where the incentive behind designing energy-efficient buildings has come from. This recent push results from the 179D Tax Deduction, a program the U.S. government introduced as part of the Energy Policy Act (EPAct) to encourage architects to … Read More

Why KBKG is Your Trusted Partner for 179D

Why KBKG is Your Trusted Partner for 179D

05/17/2023

Why KBKG is Your Trusted Partner for 179D Partnering with an experienced provider whose reputation for upholding ethical standards is invaluable. For years, KBKG’s knowledge and expertise have educated architects and designers on some of the most complex issues of the U.S. tax code to help them save money on taxes through the 179D Tax … Read More

This Month’s Webinars

This Month’s Webinars

11/01/2022

Looking for CPE credit? We have several sessions available this month. Click the links below to register. If you have questions or need help registering, please email [email protected]. Research & Development Tax Credits 11/1/2022 | 12:00 PM PT | 1 hour | 1 CPE credit This webinar will cover the fundamentals of the Research and … Read More

KBKG to Attend and Exhibit at the UCLA Tax Controversy Conference

KBKG to Attend and Exhibit at the UCLA Tax Controversy Conference

10/25/2022

Attending the UCLA Tax Controversy Conference is our CEO, Gian Pazzia, Principals, Jason Melillo and Kevin Zolriasatain, alongside our Director, Lon O’Connor, Chau Pham, and Lee Melbourne-Weaver. This event takes place on Thursday, October 27th at the Beverly Hills Hotel in Los, Angeles. About the Event UCLA Extension’s Annual Tax Controversy Conference is the preeminent … Read More

KBKG to Exhibit ACEC Fall Conference

KBKG to Exhibit ACEC Fall Conference

10/20/2022

Attending the ACEC Fall Conference is Regional Director, Andy Gerstenhaber and Senior Business Development Consultant, Karla North who will represent KBKG at the event, which takes place October 16th-18th in Colorado Springs, Colorado. About the Event ACEC’s Fall Conference is the premier industry event with the largest gathering of buyers and decision-makers from engineering firms … Read More

Inflation Reduction Act Signed by President Biden: Increases 179D Benefits for Architects, Engineers, Design Build Contractors, and More

Inflation Reduction Act Signed by President Biden: Increases 179D Benefits for Architects, Engineers, Design Build Contractors, and More

08/16/2022

President Biden signed the Inflation Reduction Act into law, minting a historic climate bill with aims to reduce carbon emissions by 40% by 2030 among many major economic initiatives. Within the 700+ page bill, the Inflation Reduction Act includes significant tax incentive opportunities which expand 179D Deductions for Architects, Engineers, Design Build Contractors, and other … Read More

How the Inflation Reduction Act of 2022 Expands Energy Efficiency Tax Incentives for the Real Estate Industry

How the Inflation Reduction Act of 2022 Expands Energy Efficiency Tax Incentives for the Real Estate Industry

08/12/2022

As featured in Accounting Today On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. Who Benefits? Commercial Building Owners Multifamily Building Owners Investors Developers Homebuilders Architects Engineers Design/Build Contractors Other designers and builders Increase … Read More

Inflation Reduction Act of 2022

Inflation Reduction Act of 2022

07/31/2022

After months of negotiations, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D- W. Va., reached a deal to move forward on a pared-down reconciliation bill on climate and taxes.  The bill, titled the Inflation Reduction Act of 2022, aims to do the following: Reduce the deficit Invest in domestic energy production and … Read More

Three Tax Saving Strategies for Architecture & Engineering Firms

Three Tax Saving Strategies for Architecture & Engineering Firms

08/30/2021

Architecture and engineering firms that are not claiming R&D Tax Credits, Employee Retention Tax Credits, or 179D are potentially leaving millions of dollars in tax benefits on the table each year. What are these benefits, and what cash flow is being overlooked? R&D Tax Credit Architecture and engineering firms may want to take another look … Read More

2019 Legislative Tax Updates for Real Estate

2019 Legislative Tax Updates for Real Estate

12/20/2019

For the most up-to-date information on Qualified Improvement Property, see our latest post. Our technical team has been keeping tabs on the latest updates on the Hill in regard to tax extenders and technical corrections, given how they may impact 45L Tax Credits and 179D Deductions and the cost recovery of Qualified Improvement Property for … Read More

[WEBINAR] Tax Legislative Outlook for Real Estate

[WEBINAR] Tax Legislative Outlook for Real Estate

11/06/2019

Our technical team at KBKG has been working with those in DC who endeavor to bring more certainty to the real estate industry. Tax extenders and technical corrections to tax reform such as the “retail glitch,” still need to be addressed, but there has been movement. As Congress continues negotiations on appropriations, a stage has … Read More

KBKG Tax Insight: Congressional Letter Urges Year End Clean Energy Tax Policies

KBKG Tax Insight: Congressional Letter Urges Year End Clean Energy Tax Policies

10/31/2019

Yesterday, a letter signed by over 70% of House Democrats was delivered to Speaker Nancy Pelosi and House Majority Leader Steny Hoyer urging them to prioritize the inclusion of clean energy tax policies in negotiations around must-pass legislation this year. As the House Ways and Means Committee takes action on a clean energy tax package, … Read More

BREAKING NEWS: Senate Finance Committee Launching Bipartisan Taskforces on Tax Extenders Including Green Building Tax Incentives

BREAKING NEWS: Senate Finance Committee Launching Bipartisan Taskforces on Tax Extenders Including Green Building Tax Incentives

05/16/2019

Update as of 5/23/2019: The House Ways and Means Committee is currently putting together a package to address tax extenders such as the 45L tax credit and 179D tax deduction. Currently, a markup on tax extenders is expected sometime in June. BREAKING NEWS from 5/15/2019: The Senate Finance Committee launched bipartisan taskforces to address tax … Read More

Tax Insight: Senate and House Updates on Tax Extenders for 2018-2019

Tax Insight: Senate and House Updates on Tax Extenders for 2018-2019

03/07/2019

Senate Update Last Thursday, February 28, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) and Ranking Member Ron Wyden (D. Oregon) introduced bipartisan legislation to retroactively extend tax extenders for 2018 and 2019 while also providing disaster tax relief benefits to those affected by major disasters in 2018. “Congress needs to get out of … Read More

Tax Insight: Tax Extender Update from Senator Chuck Grassley

Tax Insight: Tax Extender Update from Senator Chuck Grassley

02/22/2019

On Thursday, February 14, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) addressed tax policy and various provisions that KBKG and the Real Estate Roundtable have been monitoring closely. In his speech, Senator Grassley expressed his commitment to pursue tax extenders and rejection of press reports suggesting that some provisions may no longer be … Read More

Impact of the Government Shutdown on Real Estate Tax Policy

Impact of the Government Shutdown on Real Estate Tax Policy

01/18/2019

The longest government shutdown in U.S. history is creating more uncertainty for the current and future tax landscape. As the border wall standoff delays guidance necessary to properly implement tax reform, taxpayers are left wondering how to timely file their 2018 tax returns without ultimately having to amend down the road. Congress currently hasn’t been … Read More

KBKG Tax Insight: 179D Energy Efficiency Deductions Extended through 2017

04/03/2018

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 $5.00 / square foot … Read More

45L: The Energy Efficient Home Credit – Extended through 2017

03/05/2018

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: Can You Claim 45L Tax Credits Retroactively?

11/03/2017

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

08/14/2017

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

01/29/2017

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

01/08/2016

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

07/19/2013

Summary: 56 units. Apartment complex. 12 buildings. All 56 units qualified. Results: Section 45L Tax Credits for 2011 = $112,000Details: 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 leased … Read More

45L Tax Credit study 56 units apartments Bakersfield California

07/19/2013

Summary: 56 units. Apartment complex. All 56 units passed. Results: Section 45L Tax Credits for 2011 = $112,000Details: 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 property in … Read More

45L Tax Credit study 91 units apartments Panorama City California

07/18/2013

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 as … Read More

45L Tax Credit study 81 units apartments Selma California

07/17/2013

Summary: 81 units. Apartment complex Results: Section 45L Tax Credits for 2011 = $162,000.Details: The apartment complex in Selma, California is an 81-unit residential complex comprised of 13 buildings that are each no more than 3 stories above grade. 81 dwelling units were leased to residents in 2011.The property is located in Climate Zone 3B … Read More

KBKG Tax Insight: Affordable Housing Developers & Investors Can Now Reap an Additional $2,000 Tax Credit for Each Unit Leased in 2017

03/08/2008

Affordable housing developers benefit from various tax credits from Low-Income Housing Tax Credits to Rehab Credits, yet they often fail to claim a tax credit that is geared towards their developments: the Section 45L Tax Credit. Section 45L is a commonly overlooked section of the tax code that was recently renewed and rewards energy efficient … Read More