EPACT 2005 - Commercial Lighting Tax Deduction

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  • Hamacher
    Senior Member
    • Jun 2006
    • 180
    #1

    EPACT 2005 - Commercial Lighting Tax Deduction

    Anyone dealt with this deduction? I have a client that should qualify for the deduction but I wasn't sure what I needed to do to make sure that everything is handled properly. Any assistance would be appreciated.

    Thanks in advance.
    Tags: None
    • Hamacher
      Senior Member
      • Jun 2006
      • 180
      #2
      Anyone?

      Does anyone even know where the deduction is taken? Is it something that appears on the 4562?

        Comment

        • DaveO
          Senior Member
          • Dec 2005
          • 1453
          #3
          The EPACT 2005 is the bill that created all the energy tax credits. This site has some useful links. http://www.energy.gov/taxbreaks.htm
          In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
          Alexis de Tocqueville

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            • Hamacher
              Senior Member
              • Jun 2006
              • 180
              #4
              Section 179D

              OK... It appears that it falls under Section 179D and that the deduction is taken as an "other deduction" on Form 1120.

              What I can not find is whether it is subject to ALL the limitations that normally apply to Section 179 deductions. Income, property placed in service, etc.



              Steve

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