President Biden recently signed the Inflation Reduction Act of 2022. Among many benefits, the bill aims to fight climate change, conserve energy, and reform legislation for the §45L Tax Credit and §179D Tax Deduction. The act significantly extended and expanded incentives for homebuilders and commercial building owners. The deduction and incentive can now be used Read the full article…
On December 27, 2020, Congress passed a $900 billion COVID-relief package, along with a $1.4 trillion spending package, that funds the government for the 2021 fiscal year. The spending bill includes several tax extenders; Section 45L tax credit for multifamily and residential developers, 179D tax deduction for commercial and government buildings, as well as 25C Read the full article…
Below is a preview of one of the articles in the new KROST Quarterly Real Estate Issue, titled “Section 45L Tax Credits: The Most Overlooked Tax Credit for Residential Developers” by guest author, Brandon Val Verde, Senior Manager – Green Building Tax Incentives, KBKG. The §45L credit is a federal tax incentive for developers of Read the full article…
