This message has been cross posted to the following Discussion Forums: Public Architects Committee and Committee on the Environment .
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On February 3, 2011, President Obama announced a proposal to redesign an existing tax incentive, the Code Section 179D deduction, to make commercial buildings more energy efficient. The proposal calls for changing the section 179D deduction for retrofitting commercial buildings to a more valuable tax credit and tying the tax credit amount to measurable improvements in a building's energy efficiency. The President proposed such tax credit expenditure could be paid for by ending tax benefits for the oil and gas industry.
Click here for official press release http://www.whitehouse.gov/the-press-office/2011/02/03/president-obama-s-plan-win-future-making-american-businesses-more-energy
If you'd like a copy of an information outline I've developed covering the current 179D tax deduction, which can be allocated to architects and other designers for public projects, and other federal/state tax incentives for energy efficiency and renewable energy, email me at jgarciano@eapdlaw.com and I'll send you a PDF.
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Jerome Garciano, Esq.
LEED AP, Assoc. AIA
Edwards Angell Palmer & Dodge LLP
www.eapdlaw.comwww.eapdgreen.comBoston MA
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