Several nonprofits are concerned that the standard used by builders to claim a tax deduction for energy-efficient buildings is outdated. The Inflation Reduction Act expanded the standard under Code Sec. 179D. But in a recent letter to the U.S. Treasury Department, four organizations claim that although the new law reduced to 25% the savings threshold needed to claim a deduction, it didn’t alter the reference standard new buildings must exceed to qualify for it. Professional building associations rely on certain minimum requirements for energy-efficient design that the nonprofits say set a low performance bar, allowing “significant free ridership” in using the deduction. Call or visit our website for more information! www.mjscpa.com/
