Commercial building and facilities management resources for corporate facility executives, building operators and facility managers in all industry and service sectors. Taxes articles below.
Whether the expenditure is considered routine building maintenance or an improvement or betterment will have an impact on tax implications under the new regulations.
The reduction of the building envelope percentage to 10% is beneficial to building owners taking on whole facility construction or improvement projects.
Until the end of 2010, qualified businesses can participate in the American Recovery & Reinvestment Act of 2009 (ARRA) which provides a cash rebate of 30% of the cost of a solar-produced (renewable) energy system. The rebate generally comes within 60 days following completion of the system installation.