Agenda Item Name:
Title
Approve Chair to Sign Section 179D Energy Efficient Commercial Buildings Deduction Allocation Form
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Presenter:
Ramon D. Gavarrete, PE
Description:
Approve Chair to Sign Section 179D Energy Efficient Commercial Buildings Deduction Allocation Form which allocates the deduction to a designer of the energy efficient commercial building property since the building owner is a government entity.
Recommended Action:
Recommended Action
Approve Chair to sign Section 179D Energy Efficient Commercial Buildings Deduction Allocation Form.
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Prior Board Motions:
N/A
Fiscal Consideration:
Fiscal Consideration
A review of all energy efficient systems in the allocated building(s) will be performed by Paul Stresing Associates, Inc. on behalf of the building owner with there being no additional expected costs to the County.
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Strategic Guide:
Strategic Guide
Infrastructure
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Background:
As part of the Energy Policy Act of 2005, Congress enacted Section 179D of the Internal Revenue Code to encourage the design and construction of energy efficient buildings. Per IRC ?179D(d)(4) and Notice 2008-40, building owners of energy efficient commercial buildings may take a deduction arising from the installation of energy efficient commercial building property as part of the interior lighting, HVAC and hot water systems, or building envelope systems. If the building owner is a government entity, they may allocate the deduction to a designer of the energy efficient commercial building property.
Additionally, under Florida Statute Section 215.179, an owner of a public building or the owner's employee may not seek, accept, or solicit any payment or other form of consideration for providing the written allocation letter described in s. 179D(d)(4) of the Internal Revenue Code and Internal Revenue Service (IRS) Notice 2008-40.
Paul Stresing Associates, Inc. created technical specifications for the installation of the energy efficient ...
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