The Internal Revenue Service (IRS) has released Notice 2012-26 to modify Notice 2008-40 and Notice 2006-52, both of which relate to guidance on deductions for energy efficient commercial buildings. More specifically, Notice 2012-26 provides an additional set of energy savings percentages that taxpayers may use to qualify for a partial deduction under the permanent rule for (1) interior lighting systems, (2) heating, cooling, ventilation, and hot water systems, and (3) the building envelope. Notice 2012-26 is effective March 12, 2012 to properties placed in service on or after the effective date of the guidance.
Click here to read Notice 2012-26.
