Non-Profits May Benefit From Energy-Efficient Construction/Renovation Under Inflation Reduction Act Expansion of IRC § 179D

Section 179D of the Internal Revenue Code, first enacted in 2006, grants qualifying building owners or tenants of commercial buildings a federal tax deduction for the installation of energy-efficient features and systems in existing or new-build projects. The Inflation Reduction Act of 2022 (“IRA”) expanded the reach of Section 179D by permitting non-profit entities to pass through all or part of the deduction to “designers,” effectively granting a benefit otherwise unusable due to their...
By: Saul Ewing LLP