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<p class=MsoNormal>Hi David,<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span
style='mso-list:Ignore'>1.<span style='font:7.0pt "Times New Roman"'>
</span></span><![endif]>Off the cuff (I haven’t delved into non-profit
owners specifically) – I’m pretty sure the ability for a building
owner/representative to re-allocate calculated deductions as it’s defined
applies only to property owned by the (paraphrasing) “Federal, State, or
local government entities.” I’m pretty sure this is spelled
out in the 2008 IRS notice. On the same token, I’d anticipate any designers
claiming re-allocated deductions from non-gov’t building owners of any
sort may have some trouble, as the IRS hasn’t explicitly allowed them to
do so. A possible interpretation by an IRS auditor in that case may be that
you’re trying to swindle a building owner out of a benefit explicitly
intended to reward them first.<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span
style='mso-list:Ignore'>2.<span style='font:7.0pt "Times New Roman"'>
</span></span><![endif]>I would advise caution regarding any residential
projects, again off the cuff without looking it up… EPAct is much,
much more than efficient commercial building tax deductions, and I could
definitely see potential for a problem if any overlap occurred with local/state/federal
residential-specific tax breaks being pursued simultaneous to the section 179D commercial
tax deductions you’re referring to. I’d advise re-visiting
the original 2005 EPAct legislation to see if there’s any clarification
regarding what exactly is “commercial” for the purposes of section
179D.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>That’s my take, hope it helps! I’d be
interested to hear your conclusions when all’s said and done,<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>~Nick<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><img width=119 height=37 id="Picture_x0020_1"
src="cid:image001.jpg@01CB5685.91D0F220" alt="cid:489575314@22072009-0ABB"><b><span
style='font-family:"Stylus BT","sans-serif";color:#2D4D5E'><o:p></o:p></span></b></p>
<p class=MsoNormal><b><span style='font-family:"Stylus BT","sans-serif";
color:#2D4D5E'><o:p> </o:p></span></b></p>
<p class=MsoNormal><b><span style='font-family:"Stylus BT","sans-serif";
color:#2D4D5E'>NICK CATON, E.I.T.</span></b><b><span style='font-size:12.0pt;
font-family:"Stylus BT","sans-serif";color:#2D4D5E'><o:p></o:p></span></b></p>
<p class=MsoNormal><span style='font-size:7.5pt;color:#CC9900'>PROJECT ENGINEER</span><span
style='font-size:7.5pt;font-family:"Times New Roman","serif";color:#CC9900'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;color:#2D4D5E'>25501 west
valley parkway<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;color:#2D4D5E'>olathe ks 66061<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;color:#2D4D5E'>direct 913
344.0036<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;color:#2D4D5E'>fax 913
345.0617<o:p></o:p></span></p>
<p class=MsoNormal><i><span style='font-size:10.0pt;color:#2D4D5E'>Check out
our new web-site @ </span></i><span style='color:#1F497D'><a
href="www.smithboucher.com" title="blocked::www.smithboucher.com"><span
style='font-size:10.0pt;color:blue'>www.smithboucher.com</span></a></span><u><span
style='font-size:10.0pt;color:blue'> </span></u><span style='color:#1F497D'><o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoPlainText>-----Original Message-----<br>
From: bldg-sim-bounces@lists.onebuilding.org
[mailto:bldg-sim-bounces@lists.onebuilding.org] On Behalf Of David Reddy<br>
Sent: Friday, September 17, 2010 3:07 PM<br>
To: bldg-sim@lists.onebuilding.org<br>
Subject: [Bldg-sim] EPAct tax credits for private non-profits and multifamily<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText> Has anyone investigated obtaining the EPAct 2005
tax credit for EE <o:p></o:p></p>
<p class=MsoPlainText>commercial buildings for private non-profits
(503(c)(3))? It seems like <o:p></o:p></p>
<p class=MsoPlainText>Section 3 in the 2008 amplification notice is pretty
clear that the <o:p></o:p></p>
<p class=MsoPlainText>credit can be allocated for government-owned buildings,
but does anyone <o:p></o:p></p>
<p class=MsoPlainText>have knowledge as to if this could apply to a 503(c)
entity as well?<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText>Also, would a) privately, or, b) government-owned mid
& high-rise <o:p></o:p></p>
<p class=MsoPlainText>residential, or at least the non-residential portions of
these <o:p></o:p></p>
<p class=MsoPlainText>buildings, be applicable? It seems if 90.1 covers
these structures, <o:p></o:p></p>
<p class=MsoPlainText>then the credit might be applicable too, despite the fact
the title only <o:p></o:p></p>
<p class=MsoPlainText>indicates 'commercial'.<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText>Any personal experiences or known sources for
interpretations would be <o:p></o:p></p>
<p class=MsoPlainText>much appreciated.<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText>Thanks,<o:p></o:p></p>
<p class=MsoPlainText>David<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText>-- <o:p></o:p></p>
<p class=MsoPlainText>David Reddy<o:p></o:p></p>
<p class=MsoPlainText><o:p> </o:p></p>
<p class=MsoPlainText>360 Analytics<o:p></o:p></p>
<p class=MsoPlainText>Building Energy Analysis Consultants<o:p></o:p></p>
<p class=MsoPlainText>mail: 12354 16th Ave
NE, Seattle, WA 98125<o:p></o:p></p>
<p class=MsoPlainText>office: 206.420.7918<o:p></o:p></p>
<p class=MsoPlainText>mobile: 206.406.9856<o:p></o:p></p>
<p class=MsoPlainText>web: www.360-Analytics.com<o:p></o:p></p>
<p class=MsoPlainText>_______________________________________________<o:p></o:p></p>
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