Some time back I posted a proposal arguing that Section 1031 of the tax code should be altered to provide oil and gas companies a "one-way swinging door" from fossil to green. In a nutshell, the current tax code allows these companies to sell fossil development assets and defer recognizing the gain on the sale if they then reinvest in a "like-kind" asset. Like-kind, of course, means fossil. The code does not allow O&G ...
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Category: ‘Green’
Transitioning from coal to green energy technology: implications for Section 1031 of the tax code
September 1st, 2009 by Lauren McNitt and Wenting ZhangProposed cap-and-trade legislation has significant tax and 1031 exchange implications
June 18th, 2009 by 1031 Tips
One of the Obama administration's priorities is the passage of a climate change bill. The administration believes that such a bill is necessary to reduce our country's energy costs and dependence on foreign oil, and also to cut global warming pollution. Just last month, the House Energy and Commerce Committee introduced a revised version of the American Clean Energy and Security Act of 2009 (ACES).
One of the major provisions included in the ACES bill ...
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Great summary of the Green Book
June 10th, 2009 by Jim BurnettF. Moore McLaughlin's firm (McLaughlin and Quinn, LLC) has created a fantastic review of the Obama Administration's Fiscal Year 2010 Revenue Proposal that I encourage you to read. Included are not only the implications of new income tax rates for individuals and the proposed modification to Capital Gains tax rates, but also the expiration of Oil & Gas corporate tax breaks and other tax changes. Here is a link to his article, and you can review the ... (Read the rest of this entry)
Abrahm in Construction Executive Magazine: Look to Like-Kind Exchanges for Tax Savings
June 9th, 2009 by adminIn the latest issue of Construction Executive, Accruit CEO Brent Abrahm lays out the value of 1031 exchanges for construction firms looking to green their operations. These concerns are especially significant for businesses operating in California and other states preparing to adopt similarly strict emissions standards. Abrahm explains, in part:
For example, a construction company seeking to comply with stricter state emissions standards needs to upgrade its fleet to include cleaner, more efficient trucks, cranes, skid steers, wheel loaders and backhoes.... (Read the rest of this entry)
Unleashing a Green stampede within America’s energy industries
April 13th, 2009 by Sam Smith
While on the campaign trail, Barack Obama made greening America's infrastructure a huge priority for his administration. As noted in the Los Angeles Times, Obama planned
to spend $150 billion over the next decade to promote energy from the sun, wind and other renewable sources as well as energy conservation. Plans include raising vehicle fuel-economy standards and subsidizing consumer purchases of plug-in hybrids. Obama wants to weatherize 1 million homes annually... (Read the rest of this entry)
1031 Exchanges help California construction companies go “Green” and save a little green in the process.
April 13th, 2009 by 1031 TipsAccruit is seeing more and more California construction companies utilizing 1031 exchanges to sell off old equipment. These outdated assets don't meet California's strict new emissions laws so companies are buying new, greener replacement equipment. Everyone agrees that going green is good for the environment, but the cost of doing so can take a bite out of a company's bottom line. For example, if a demolition company sells just one fully depreciated loader for $60,000, they're going to owe the IRS ... (Read the rest of this entry)
Green 1031 exchanges in commercial real estate
April 6th, 2009 by Sam SmithJust a few days ago I wrote about how 1031 Exchanges can help businesses find the cash they need to green their operations. Immediately after I posted that piece somebody passed this article from William Hood along. He notes:
For those investors and businesses saddled with "Brownfield" properties, one approach is to undertake expensive renovations, hoping upgrades to building and systems eventually pay off in terms of higher rents and lower operating costs. But many property owners and corporations... (Read the rest of this entry)
WSJ analysis on the value of getting greener faster: now add 1031 Exchanges to the mix
March 31st, 2009 by Sam Smith
If you missed last week's Wall Street Journal feature entitled "Greener and Cheaper," have a look - it could change your business. Authored by Dr. Alan Robinson (Isenberg School of Management, University of Massachusetts) and Dr. Dean Schroeder (College of Business Administration, Valparaiso University), the article examines Subaru of Indiana Automotive Inc., which has established a blueprint for making sustainability work as business practice. They outline a six-step roadmap and conclude that
Despite what many ...
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