Treasury Regulations (26 C.F.R.)
26 CFR § 1.179D-3
Rules relating to the increased deduction for prevailing wage and apprenticeship.
# (a)
In general. If any energy efficient commercial building property (as defined in section 179D(c)(1)), energy efficient building retrofit property (as defined in section 179D(f)(3)), or property installed pursuant to a qualified retrofit plan (as defined in section 179D(f)(2)) satisfies the requirements in paragraph (b) of this section, the applicable dollar value for determining the maximum amount of the deduction determined under section 179D(b)(2) is the increased amount described in section 179D(b)(3)(A). For purposes of this section, installation means those activities described in §§ 1.45-7(d)(3) and 1.45-8(g)(1) that are performed with respect to energy efficient commercial building property, energy efficient building retrofit property, or property installed pursuant to a qualified retrofit plan within the meaning of section 179D before such property is placed in service.
# (b) Certain energy efficient commercial building property requirements.
Energy efficient commercial building property, energy efficient building retrofit property, or property installed pursuant to a qualified retrofit plan satisfies the requirements of this paragraph (b) if it is one of the following—
(1) Property the installation of which began prior to January 29, 2023; or
(2) Property that meets the prevailing wage requirements of section 45(b)(7) of the Code and § 1.45-7, the apprenticeship requirements of section 45(b)(8) of the Code and § 1.45-8, and the recordkeeping and reporting requirements of § 1.45-12, all with respect to the installation of any property.
# (c) Applicability date.
This section applies to energy efficient commercial building property, energy efficient building retrofit property, or property installed pursuant to a qualified retrofit plan installed in taxable years ending after June 25, 2024, and the installation of which begins after June 25, 2024. Taxpayers may apply this section to energy efficient commercial building property, energy efficient building retrofit property, or property installed pursuant to a qualified retrofit plan installed in taxable years ending on or before June 25, 2024, and energy efficient commercial building property, energy efficient building retrofit property, or property installed pursuant to a qualified retrofit plan installed in taxable years ending after June 25, 2024, the installation of which begins before June 25, 2024, provided that taxpayers follow this section in its entirety and in a consistent manner.
[T.D. 9998, 89 FR 53272, June 25, 2024]
Source: view the official text
In this part (40 sections)
- 1.174-4 · Treatment as deferred expenses.
- 1.175-1 · Soil and water conservation expenditures; in general.
- 1.175-2 · Definition of soil and water conservation expenditures.
- 1.175-3 · Definition of “the business of farming.”
- 1.175-4 · Definition of “land used in farming.”
- 1.175-5 · Percentage limitation and carryover.
- 1.175-6 · Adoption or change of method.
- 1.175-7 · Allocation of expenditures in certain circumstances.
- 1.178-1 · Depreciation or amortization of improvements on leased…
- 1.179-0 · Table of contents for section 179 expensing rules.
- 1.179-1 · Election to expense certain depreciable assets.
- 1.179-2 · Limitations on amount subject to section 179 election.
- 1.179-3 · Carryover of disallowed deduction.
- 1.179-4 · Definitions.
- 1.179-5 · Time and manner of making election.
- 1.179-6 · Effective/applicability dates.
- 1.179A-1 · [Reserved]
- 1.179B-1T · Deduction for capital costs incurred in complying with…
- 1.179C-1 · Election to expense certain refineries.
- 1.179D-1-1.179D-2 · §§ 1.179D-1-1.179D-2 [Reserved]
- 1.179D-3 · Rules relating to the increased deduction for prevailing…
- 1.180-1 · Expenditures by farmers for fertilizer, etc.
- 1.180-2 · Time and manner of making election and revocation.
- 1.181-0 · Table of contents.
- 1.181-1 · Deduction for qualified film and television production costs.
- 1.181-2 · Election to deduct production costs.
- 1.181-3 · Qualified film or television production.
- 1.181-4 · Special rules.
- 1.181-5 · Examples.
- 1.181-6 · Effective/applicability date.
- 1.182-1 · Expenditures by farmers for clearing land; in general.
- 1.182-2 · Definition of “the business of farming.”
- 1.182-3 · Definition, exceptions, etc., relating to deductible…
- 1.182-4 · Definition of “land suitable for use in farming”, etc.
- 1.182-5 · Limitation.
- 1.182-6 · Election to deduct land clearing expenditures.
- 1.183-1 · Activities not engaged in for profit.
- 1.183-2 · Activity not engaged in for profit defined.
- 1.183-3 · Election to postpone determination with respect to the…
- 1.183-4 · Taxable years affected.