By Dean Zerbe, National Managing Director at alliantgroup and Former Senior Counsel to the U.S. Senate Finance Committee, and Rick Lazio, Senior Vice President at alliantgroup and Former U.S. Congressman
March 1, 2021
Published in bloombergtax.comThe Consolidated Appropriations Act of 2021 passed by Congress and signed into law by President Trump on Dec. 27, 2020, did more than just fund our government. It also included several key tax provisions impacting already existing incentives.
One such provision immediately stands out as one that all tax practitioners should incorporate in their tax planning for 2021.
The bill made the Section 179D Energy Efficient Building Deduction permanent—an action that many have awaited since the incentive’s inception in 2005. This carefully crafted tax incentive has been of great value to taxpayers who have invested in making their buildings more […]