Created by Congress back in 2005 to address growing concerns over energy usage, the Energy-Efficient Commercial Building Deduction (or Section 179D) remains one of the most valuable opportunities for construction companies looking to reduce their tax liability. And according to two tax experts, 179D’s energy-based tax savings can add up quickly for eligible commercial building owners and construction-based businesses.
In an article appearing in Construction Executive, Dean Zerbe, alliantgroup’s National Managing Director and former Senior Counsel to the U.S. Senate Finance Committee, is joined by Barry Fischman of Marcum LLP to breakdown down 179D and its tax saving benefits. Applying to both commercial building owners and businesses that design, build or renovate government-owned buildings at the federal, state or local levels, 179D represents a tremendous opportunity worth exploring for all businesses within the construction industry.
Contact us for more information on 179D and alliantgroup’s tax consulting services.