Many of our clients have been asking about an update on whether Congress will re-new the Section 45L energy efficient home tax credit which allows developers to claim a $2,000 per door tax credit for homes or apartment complexes meeting certain energy efficient...
If history is any guide, often tax extenders bills, like the Dec 21, 2017 Tax Extenders Act of 2017, may be tied to must-pass legislation. The next key date is January 19, 2018 when Congress must act on either a budget or a continuing resolution (CR) to keep the...
Right after passage of the huge tax overhaul bill, Congress under Senator Orrin Hatch, introduced a tax extenders bill on December 21, called the Tax Extender Act of 2017, which would ‘renew’ a number of renewable energy credits and incentives, as well as...
The Senate passed the energy tax credit (energy efficient home tax credit) for 2014 yesterday, December 16, 2014, adopting the House bill from a few weeks ago, part of the tax extenders bill extending the 45L energy credit for one year (2014). The 45L energy tax...
To obtain the valuable $2000 per unit energy tax credit under Code Section 45L, developers often ask us what are the key factors used in the modeling software to determine whether their buildings qualify under Section 45L for the credit. The software calculates...