Consideration and Approval of Section 179D Energy Efficient Commercial Buildings Deduction Allocation Form
The Energy Efficient Commercial Building Deduction (Section 179D) was enacted into law as part of the Energy Policy Act of 2005. Section 3 of IRS Notice 2008-40 empowers government agencies to allocate this deduction since they cannot use it and provides this special rule for government-owned buildings. In brief, the rule provides that in the case where a building is owned by a federal, state, or local government, the owner of the property may allocate the 179D deduction to a third party company that has performed work on or towards the property's mechanical, lighting, or building envelope systems. The intent of this revision is to promote the use of energy efficient design/construction on US soil and help a hard hit industry continue to create jobs and put money back into the US economy. This Allocation Form confirms that the full deductions for both the Archuleta County Justice Facility and the Detention Center deductions should be allocated to Nunn Construction.
- Scott Wall
- Presentor's Title
- County Administrator