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Legislation Would Make Section 179D Deduction Permanent

Thursday, October 8, 2020 - 8:30AM

Rep. Roger Williams, R-Texas, introduced a bill this week to make permanent Internal Revenue Code Section 179D, which offsets the energy-efficient components and systems for commercial property, including multifamily affordable housing buildings. The Incentivizing Energy-Saving Improvement Act (H.R. 8547) would eliminate the current expiration date of Dec. 31 for the Section 179D provision, which allows a deduction equal to the cost of energy-efficient commercial property placed in service during the taxable year.

This and other renewable energy issues will be discussed at the Novogradac 2020 Financing Renewable Energy Tax Credits Fall Virtual Conference, Nov. 5-6.

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