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Inflation Reduction Act of 2022: Transforming 179D and 45L

 

Understand the Inflation Reduction Act timelines and how it compares to the current IRA version.

The passage of the Inflation Reduction Act of 2022 (IRA) has transformed energy-efficient tax incentives for commercial real estate. The IRA will alter and amplify the 179D Deduction and the Section 45L Tax Credit. Moving forward, CPAs will need to be able to guide their clients in navigating these significant changes. Most provisions will take effect on 1/1/2023, but some have taken effect retroactively, so it's crucial to understand the new program timelines. In this presentation, we will compare the current version of each incentive to the IRA version, addressing changes to reference standards, calculation of incentives, documentation procedures, and more. We will also discuss new exciting initiatives, including utility sales tax recovery, C-PACE, and more. We will cover numerous real-life case studies, and a variety of reference tables and timelines will be provided.

Agenda

Faculty

Bruce A. Johnson, MBA, CEM

Bruce A. Johnson, MBA, CEM

Capstan Tax Strategies

Bruce A. Johnson, CEM, CRE

  • Partner at Capstan Tax Strategies
  • Works closely with commercial real estate owners, investors, and accounting firms to provide practical, creative, and client-specific solutions
  • Has overseen the delivery of thousands of energy efficiency and cost segregation studies
  • Sought-after speaker on the national level, frequently addressing audiences at AICPA, CCIM, and other national professional organizations
  • Featured presenter at the Association of Energy Engineers’ Globalcon event
  • Holds the designation of Certified Energy Manager (CEM), an internationally recognized certification in energy management and efficiency
  • Holds the designation of Counselor of Real Estate (CRE), a prestigious international credential that testifies to the holder’s experience, ethics, expertise, and prominence in the field of real estate
  • Senior member of the American Society of Cost Segregation Professionals (ASCSP), member of the Counselors of Real Estate, Association of Energy Engineers (AEE), International Council of Shopping Centers (ICSC), and board member for the Philadelphia Chapter of NAIOP (National Association of Industrial and Office Parks)
  • M.B.A degree, University of New Haven; B.S. degree, Massachusetts Maritime Academy
  • Can be contacted at [email protected] or 215-885-7510

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