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What is the tax deduction allowance that can be earned?

April 26, 2017allowance earned tax deduction

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What is the tax deduction allowance that can be earned?

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If all three systems are designed or retrofitted to meet EPAct 2005, then the maximum tax deduction allowance is $1.80/sq. foot. If only one of the three systems is designed or retrofitted to meet EPAct 2005, then the tax deduction allowance is $0.60/sq. foot. Portions of a building can be designed or retrofitted to meet EPAct 2005 and the associated square footage areas considered. For example, it would be possible for the open office space in a building to meet EPAct 2005, but not the private offices. The deduction could be claimed for just the area that meets EPAct 2005 requirements.