The passage of the One, Big Beautiful Bill Act (OB3) has had a major impact on energy-efficient tax incentives for commercial real estate. In this session we’ll explore four different incentives, delving into how the thoughtful taxpayer can still leverage benefit despite impending sunset dates. A focus on timely, proactive strategy will be emphasized throughout.

We’ll begin with the 179D Deduction, and review current standards, calculation procedures, and documentation. We’ll also consider the deduction allocation process used to transfer the deduction to a design professional where appropriate.

Next, we’ll touch on the 45L Credit, focusing on the major procedural changes required to successfully claim the incentive before the OB3 sunset date. Then we’ll consider the major changes the OB3 brings to the Clean Electricity Investment Credit (CEIC), affecting renewable solar and wind systems. Finally, we’ll explore the Alternative Fuel Vehicle Refueling Property Credit (30C) under the OB3.

Learning Objectives

· List the crucial sunset dates in play under the OB3 and understand how they are interpreted for each incentive

· Describe the historical lability of energy incentives, recognizing that they frequently phase-out and are renewed

· Understand the impact of the Prevailing Wage and Apprenticeship Requirements

· Become familiar with the benefit, timing, eligibility, and documentation requirements associated with the 179D Deduction, the 45L Credit, the ITC/CEIC, and the 30C Alternative Fuel Vehicle Refueling Credit under the OB3

Course Outline

• EPAct 179D Deduction
  • Standards
  • Calculation
  • Documentation
  • OB3 Sunset
• Section 45L
• Investment Tax Credit / Clean Energy Investment Credit
• Alternative Fuel Vehicle Refueling Property Credit / Electric Vehicle Recharging Credit /30C
• Advocacy Efforts

CPE Credit

MGI North America members in the U.S. will earn 1.0 CPE credit for attending the entire webinar, answering live polls, and completing the Evaluation Form.

Level: Beginner/Intermediate

Prerequisites: General Background in Accounting, Depreciation and Cost Segregation

Advanced Preparation: None

Field of Study: Taxes