The bill will accelerate fifteen year depreciation for leasehold improvements made by the homeowners on
behalf of their tenants. This is beneficial for commercial real estate investors because they won't
have to write off space improvements over long periods. They will be able to make their deductions over
a shorter period of time, which, in turn, will create more cashflow after taxes.
Also, being environmentally conscience will help you save money. The bill allows remdiation costs to be
deducted in the same year they have occurred and not spread out over several years. The impetus is to
encourage investors to clean up any properties that have environmental issues, as quickly as possible.
There will also be credits given to those who pursue solar, wind energy and other alternative
energy sources.
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