Posts Tagged ‘Cap and trade’

Eco-Tax Credit Webinar – Wed. June 16, 9:00-11:00 a.m. – Everything You Need to Know About Federal and State Tax Incentives

Monday, May 31st, 2010

http://www.cpelink.com/product/detail.php?p=1757

Going Green: Federal and State Eco-Credits and The Regulatory Landscape 

Date: Wednesday, June 16, 2010
Instructor: Blake Christian, Nancy Pfeffer

Begin Time:  9:00 am Pacific Time
10:00 am Mountain Time
11:00 am Central Time
12:00 pm Eastern Time
CPE Credit:  2 hours for CPAs

Who Should Attend
CPA/ practitioners and private industry accounting or tax personnel who are looking to establish a solid knowledge base of ways to reduce the after-tax cost of going green. These overlooked benefits can distinguish your CPA practice or your department’s contribution to the bottom line of the business owner.

Topics Covered

  • Federal and state environmental regulatory landscape
  • Tax credits available for truck and automobile fleets
  • Tax credits/ deductions available for alternate fueling stations
  • Tax credits available bio-mass, alternative fuel production, alternative energy, including solar, wind, co-generation, etc.
  • Impact of grants and credits on depreciable basis
  • LEED-certified building deductions
  • State incentive overview, including equipment credits and hiring credits
  • Grant opportunities
  • Case examples of incentive programs
  • Additional articles on this and other tax topics can be accessed at: www.lakechristian.com or www.twitter.com/taxcredits_cpa.

     

    Eco Credit Webinar – Friday, Jan. 22, 9:00 am PST – Energize Your Tax Planning With Energy/ Eco-Credits

    Thursday, January 21st, 2010

    http://www.blakechristian.com/energy_tax_credits.html

    The above link and related articles will provide you with an overview of the wide-variety of valuable, but often overlooked, federal and state energy and pollution-control equipment credits.

    These credits typically range from 10% to 50% of the “qualified” cost of the equipment (excluding installation) – but in some limited cases can be as high as 100% of the equipment cost.

    Technology is changing at a rapid pace and so are the tax incentives.  New credits are being considered every week at the state and federal levels; therefore, it pays to do your research and fully understand these benefits before you make the capital investment.

    These credits can dramatically reduce the cost of being an early adopter of these cleaner, yet more expensive, processes.

    To participate in a comprehensive eco-credit webinar on Friday, January 22nd at 9:00 am  PST, or to access the archived webinar if you miss it, please click the following link:

    http://www.cpelink.com/product/detail.php?p=1610

    Gas vs. Electric – Nissan Chief Predicts Slow EV Adoption

    Thursday, November 19th, 2009

    Carlos Ghosn, head of the Nissan-Renault alliance predicts that only 10% of vehicles will be powered by electricity in 2020.

    Despite consumer and political support to move away from carbon-based fuel sources for our vehicles, Mr. Ghosn’s observations will undoubtedly draw some fire from the alternative fuel industries.

    An uptick in oil prices, increased taxes on petroleum products and/ or other government intervention could dramatically accelerate the adoption of  electric and other alternative fuel vehicles.

    http://http://finance.yahoo.com/news/Nissan-chief-Electric-car-apf-1767529708.html?x=0&sec=topStories&pos=7&asset=&ccode=

    Green Tech Investments Yield Golden Tax Breaks

    Sunday, October 11th, 2009

    Going Green – Without Breaking the Bank

     

    Despite the challenging economy and related capital market gyrations, business owners across the country are continuing to invest in a variety of eco-friendly technologies.  Businesses that choose to invest in green technologies do so for a variety of reasons including: 

    -     Being socially responsible, 

    -     Reducing long-term operating costs, 

    -     Public relations/ employee relations benefits, 

    -     Securing tax benefits 

    -     Or most likely a combination of these factors. 

    A sampling of the type of investments that business owners are making to reduce their energy costs, as well as their carbon footprint , include: 

    -         Developing their own power sources, such as solar, cogeneration, geothermal, etc.,

    -         Purchasing more energy efficient office and processing equipment,

    -         Acquiring alternative powered vehicles,

    -         Installing pollution control and energy control systems,

    -         Adopting or improving their office and plant recycling programs,

    -         Using more renewable raw materials and supplies,

    While great strides are being made to reduce the carbon footprints of businesses and individuals, these new eco-friendly shoes can come at a very high price.   Many technologies are still being proven in the marketplace, and proven technologies such as solar, LNG powered vehicles, and LEEDS certified buildings require significant investment and long-term pay-back.

    As positive as these eco investments are on the environment and the communities these businesses operates in, business owners will still naturally look to the lowest cost method for greening their business.  Unfortunately, sometimes this means deferring the planned upgrades until cash flow is sufficient to justify the significant up-front costs.

    On the bright side, there are a large number of federal and state tax incentives, including eco-credits such as energy and pollution control tax incentives, hiring credit incentives research & development credits and accelerated depreciation benefits (through December 31, 2009) readily available to a large cross-section of industries.  The combination of state and federal credits, and bonus/ section 179 asset write-offs can dramatically reduce the after-tax cost of green infrastructure.

    Energy Incentives (Just a Sampling)

    -         Federal Solar Credit of 30% on Solar Panels and related equipment,

    -         Federal Small Wind Energy Credit of 30% (Maximum Rating of 100 kilowatts),

    -         Cogeneration energy production from alternative fuel sources – 30% federal credit

    -         Alternative Fueling Stations, including electric recharging stations – federal credit equal to the lesser of: i) 50% of the eligible costs, or ii) $50,000 per station.  More pricey hydrogen station credit caps are increased to the lesser of: 30% or $200,000 per station.  See: www.carbondayautomotive.com  for more info on plug-in recharging stations.

    -         Hybrid or Electric Vehicles – $2,500 to $15,000 per electric vehicle purchased or a 10% credit for conversion costs to convert a conventional or hybrid vehicle to a plug-in electric format.  The pay-back period can be relatively quick at $3 per gallon,

    -         Federal bonus depreciation at 50% of asset costs and IRC Section 179 “expensing” of most tangible personal property for assets purchased by December 31, 2009 also offer significant up-front tax advantages,

    -         Federal and state Research & Development costs for developing or refining new equipment or processes

    For companies that design, manufacture, assemble or distribute green technology products, some of the largest tax incentives come in the form of Location Based Incentive Credits (LBICs) which are available to most companies operating in any of the over 8,000 federal, state and local tax incentive zones throughout the country.   Therefore, companies are very wise to carefully choose where they establish or expand their business in order to minimize their federal and state tax burdens.

    A small sampling of the 40 state and numerous federal LBIC programs  include:

    -         The California Enterprise Zone Program (www.caez.org) available in 42 Zones throughout the state, which offers:

    •  hiring credits up to $13,000 per year/ per qualified employee
    • equipment credits up to 10.75% on pollution control, energy control, technology, manufacturing and processing equipment used exclusively in a Zone,
    • lender tax exemption for loans to businesses operating exclusively in a Zone
    • Employee-Level credits up to $525
    • Favorable permitting, bidding, grants and loans

    -         Florida Enterprise Zone Program available in numerous regions throughout the state provides benefits including: hiring credits, equipment tax breaks, sales tax benefits, and property tax reductions,

      -         Federal Empowerment Zone Program (up to $3,000 per qualified employee/ per year)

    -         Federal Renewal Community Program (up to $1,500 per qualified employee/ per year)

    -         Federal Rural Renewal County Program (up to $4,800 per qualified employee/ per year)

    -         Federal Work Opportunity Tax Credit (WOTC) Program available to business operating in any location – from $2,400 to $4,800 per qualified employee and up to $8,500 for Welfare-to-Work employees.

    Federal and state grants and more liberal loans are also available for these assets.

     Businesses that either purchase or sell energy and pollution control equipment and spend the time educating themselves on the very beneficial green/ eco credits, state enterprise zone programs, federal tax incentive programs, can enhance their cash flow and profits and will gain significant competitive advantages. 

    Read additional green tech blog entries below or review the article library at: www.blakechristian.com.

    For more information on identifying Location Based Incentive Credit Zones, please refer to: www.ntcgtax.com.