With the Senate passing the Tax Extenders Bill (HR.5771) the 179D Tax Deduction has been extended into 2014. The vote was 76 yays to 16 nays currently extending all expired tax provisions retroactively from 12/31/2013 through the end of 2014. The bill will now move onto the President to be formally signed into law. The presidential veto is not expected on the one-year package. Once enacted into law, 179D Tax Deduction will be available for all projects placed into service during the 2014 tax year. We recommend starting the process of certifying all 2014 EPAct 179D Tax Deduction projects as soon possible to ensure timely filing.
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