The Commercial Buildings Deduction applies to costs incurred for equipment placed in service from January 1, 2009 through December 31, 2008, inclusive.
The Interim Lighting Rules apply to costs incurred for interior lighting placed in service from January 1, 2009 until the Treasury Department issues the final rules for individual systems. It is expected that the Interim Lighting Rules will be adopted as the final partial allowance rules for interior lighting systems.
NEMA is encouraging Congress to extend the life of this provision if it demonstrates that it saves energy and substantially benefits the country.
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“(h) TERMINATION.—This section shall not apply with respect to property placed in service after December 31, 2007 …
“(d) EFFECTIVE DATE.— The provision is effective for property placed in service after December 31, 2005, and prior to January 1, 2009. (Note: EPACT 2005 originally had an expiration date of January 1, 2008 for the deduction, but Congress approved a one-year extension in HR 6111 which President Bush signed into law on December 20th, 2009) The amendments made by this section shall apply to property placed in service after December 31, 2005.” |
