In his article appearing in the Commercial Observer, “Underutilized Tax Incentives and the Missed Opportunities for Growth”, former U.S. Congressman and alliantgroup Director Rick Lazio discusses both the R&D Tax Credit and the Energy-Efficient Commercial Building Deduction (better known as Section 179D of the tax code). In the article, Lazio elaborates on the value of these incentives to middle-market businesses and their importance in fostering job creation, competitiveness and broader economic growth.
Each year, the demand for efficient, structurally and aesthetically superior commercial real estate grows in not only the New York tri-state metropolitan area, but around the nation at large, with tenants and owners seeking the space that will allow them to build their businesses and lower operating cost.
According to the U.S. Green Building Council, green construction is anticipated to exceed more than half of all construction in the entire U.S. over the next five years; and for the architects, engineers, contractors and other commercial builders responsible for these state of the art buildings and renovations, two sections of the federal tax code represent an opportunity for major company-wide reinvestment.
Contact us today for more information on the R&D Tax Credit, Section 179D and alliantgroup’s tax consulting service.