As one of the most dynamic and fastest growing sectors of our economy, the green building and design industry plays a vital role in spurring economic progress. With a little help from our public schools and universities, Congress has already created a major means to continue to push the budding green economy forward.
In his article “The Green in Green” published in American School & University Magazine, alliantgroup Senior Managing Director Rizwan Virani discusses the benefits of the Energy Efficient Commercial Building Deduction (Section 179D), not only for eligible design and construction businesses, but for the economy and the nation as a whole.
A tax deduction that rewards companies for their energy efficient designs and renovations to government buildings, public schools and universities represent some of the best opportunities for architects, engineers and construction companies seeking the tax benefits of 179D. However, as Virani notes, the broader environmental and economic impact of 179D will only be felt if schools and universities work with design and construction companies in securing the tax benefits.
Contact us today for more information on 179D and alliantgroup’s tax consulting services.