Join AIA San Diego and BRAYN Consulting on a virtual program and earn 1 CE credit.
The Consolidated Appropriations Act of 2021 (CAA) included a host of individual, business, payroll, disaster, and energy-related tax provisions, as well as two key tax extenders: the 179D Energy Efficient Commercial Building Deduction, which was made permanent and the 45L Energy Efficient Homes Credit, which was extended through 2021.
179D allows a deduction of up to $1.80/SF for new and renovated buildings and applies to private commercial property owners and designers/contractors working on publicly owned properties. 45L allows a $1,000 or $2,000 tax credit to builders of energy-efficient homes and apartments meeting certain qualifying criteria.
Additionally, the CAA clarifies that taxpayers whose PPP loans are forgiven are allowed deductions for otherwise deductible expenses paid with the proceeds of a PPP loan. Companies claiming the federal R&D tax credit can breathe a sigh of relief given that qualified research expenses must be capable of treatment as a Section 174 expense.
In this webinar, BRAYN's CEO, Brady Bryan, will cover what this means specifically for your business and how to maximize these highly lucrative tax credits and deductions.
R&D Overview
Understand the 4-part test and basic exclusions
Identify target-rich environments for R&D activities
Energy Efficient Commercial Building Deduction – IRC Sec 179D
Qualifications & eligible properties
New Energy Efficient Home Credit – IRC Section 45L
Qualifications & eligible properties
Legislative updates
For each tax incentive covered, participants will:
Understand history and background
Identify types of eligible taxpayers
Identify qualitative and quantitative requirements
Understand information on composite case studies
In order to be awarded the full credits, participants must respond to three of the four polling questions asked during the program.
