The 179D deduction benefits architects and engineers when they design a new construction or renovation for energy efficient buildings for the government. Any business performing these services on buildings at the federal, state and local levels may receive a deduction of up to $1.80 per square foot, an obvious financial boon depending on the size and scope of the project. What buildings qualify? The definition of what constitutes a building under 179D is very broad and includes a variety of structures such as: office buildings, factories, warehouses, parking garages, schools, universities and airports; basically any structure that is built for any level of government. With Section 179D, entrepreneurial architects, engineers and construction firms that are engaged in green design for the government can see significant tax savings to help grow and expand their business.
For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.