Inflation Reduction Act and Commercial Real Estate: Incentives for Modernizing Properties; Reducing Tax Burdens
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will analyze the key features of the Inflation Reduction Act (IRA) that have been particularly relevant to the commercial real estate industry over the past couple of years prior to the recent executive order from President Trump. The panel will discuss the production tax credit (PTC) and the investment tax credit (ITC) and how these incentives have been successfully utilized by the real estate industry. In addition, the panel will review the 179D Deduction, which encourages energy-efficient building improvements, the credits available for electric vehicle (EV) charging stations, and more. The panel will also discuss the potential effects of President Trump's new executive order on clean energy projects going forward.
Outline
- Overview of climate change-related provisions in the IRA
- ITC and PTC
- Bonus tax credits
- Wage and apprenticeship requirements
- Transferability and direct pay
- Tax credit for EV charging stations
- Location requirements
- 179D Deduction for energy-efficient improvements
- Increased manufacturing and impact on real estate
- Credit transferability provisions and opportunities for both buyers and sellers of the credits
- Potential effects on clean energy projects going forward
Benefits
The panel will review these and other important issues:
- What are the "bonus" credits that the IRA makes available, and how can real estate investors benefit?
- What incentives does the IRA provide property owners to develop EV charging stations?
- How was Section 179D revised under the IRA, and what kinds of improvements are eligible for immediate deduction?
- How do the credit transferability provisions work and what are the opportunities for both buyers and sellers of the credits?
Faculty
Timothy Barry
Attorney
Bricker Graydon
Mr. Barry focuses on helping municipalities, developers, and businesses access and implement economic development... | Read More
Mr. Barry focuses on helping municipalities, developers, and businesses access and implement economic development tools, including Tax Increment Financing, Community Reinvestment Areas, Enterprise Zone administration, and New Community Authorities. With a deep interest in economic development, Mr. Barry assists in structuring transactions that foster community revitalization and business growth. He also contributes to research and compliance efforts related to the Inflation Reduction Act, aiding clients in understanding utilizing federal incentives for renewable energy and sustainability projects.
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John Flis
Attorney
Bricker Graydon
With a background in business and taxation law, Mr. Flis is a public finance and energy tax attorney who partners with... | Read More
With a background in business and taxation law, Mr. Flis is a public finance and energy tax attorney who partners with public and private entities to accomplish their project goals. Specifically, he spearheads the firm’s Inflation Reduction Act practice and manages bond and economic development matters. Mr. Flis is familiar with each stage of funding for all types of projects and has been involved in large, complex transactions. He is highly experienced on many of the Inflation Reduction Act incentives and tax credits that are available to both public and private entities and is helping to lead clients through all stages of their clean energy projects, from a project’s inception all the way through claiming the appropriate tax credits after a project is placed into service.
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