The Federal Commercial Building Tax Deduction will end on December 31, 2013
Companies who invest in the installation of energy-efficient commercial property can claim the CBTD that covers up all deductible cost, up to $1.80/sq.ft. for the projects completed on or before Dec 31, 2013.
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Indoor lighting systems AND HVAC/hot water systems AND Building envelope features
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Some requiremetns must be met to qualify for The Federal Commercial Building Tax Deduction. According to EPAct 2005 and IRS Notice 2006-52:
- The total annual energy and power cost of the approved project must be decreased to minimum 50% less than a Reference Building to meet the requirements of ASHRAE/IESNA 90.1-2001, by changing the building’s lighting system, HVAC/hot water systems and building envelope features only;
- If not, then the cost must be depreciated for tax purposes;
- The project involves in a new construction or renovation project must meet the requirements stated in ASHRAE/IESNA 90.1-2001. (including addenda 90.1a-2003—transformers, 90.1b-2002—building envelope, 90.1c-2002—ducts, 90.1-d-2002—slab-on-grade floor insulation, and 90.1k-2002—piping insulation, as in effect as of April 2, 2003); and
- The location of the project must be in the United States or its territories.
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