N-2012-22: Modification of Notice 2008-40; Deduction for Energy Efficient Commercial Buildings

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February 23, 2012

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Issue Number: N-2012-22

Inside This Issue

Notice 2012-22 modifies Notice 2006-52, 2006-1 C.B. 1175, and Notice 2008-40, 2008-1 C.B. 725, by providing an additional set of energy savings percentages that taxpayers may use to qualify for a partial section 179D deduction under the permanent rule for property placed in service on or after the effective date of the notice. Specifically, the applicable energy savings percentages provided under this notice are 25 percent for the interior lighting system, 15 percent for the HVAC and hot water systems, and 10 percent for the building envelope.

Notice 2012-22 will appear in IRB 2012-11 dated March 12, 2012.

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