The Inflation Reduction Act: What Design & Construction Professionals Need To Know

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","https:\/\/aiawconference.org\/schedule\/","target","_blank"]],["a",["href","https:\/\/www.bakertilly.com\/contact\/directory\/laura-cataldo","target","_blank"]],["a",["href","https:\/\/www.bakertilly.com\/contact\/directory\/cory-r-wendt","target","_blank"]]],"sections":[[1,"p",[[0,[0,0],2,"N\ufeffOTE: "],[0,[],0,"If you intend to attend the "],[0,[1],1,"AIA Wisconsin Conference"],[0,[],0," session, \u201cThe Green New Deal is a Big Deal\u201d on Thursday, April 27, on incorporating the IRA into the specifications, then this session is highly encouraged to attend. Thursday\u2019s session is an advanced panel discussion and it will be a prerequisite that session attendees have a general understanding of the IRA, as the panel discussion will dive into what needs to be part of the discussion with the client, when to engage the financial advisor, what needs to be in the specifications\/construction documents, and what documentation is likely be to be part of the certified project costs \u2013 giving examples specifically for a \u201cfor profit\u201d and \u201cnon-profit\u201d type of client."]]],[1,"p",[[0,[0],0,"Pre-Conference program: "],[0,[0],2,"The Inflation Reduction Act: What Design and Construction Professionals Need To Know"]]],[1,"p",[[0,[],0,"On August 16, 2022, President Biden signed into law the Inflation Reduction Act (IRA) which provides over $300 billion in new and modified tax incentives to help reduce greenhouse gas emissions across the range of fuel types, energy producers and energy users and spur and promote green and clean energy investments in the United States. IRA also is intended to have a meaningful emphasis on jobs and earnings growth, domestic content, and environmental justice. This two-hour introductory session will provide an overview of the IRA and the new tax incentive structure and will explore how the design and construction professionals can engage clients to explore opportunities for specific project types and the compliance requirements that must be met."]]],[1,"p",[[0,[],0,"This session will:"]]],[1,"p",[[0,[],0,"\u2022 Provide a high-level overview, including the fundamental components and credit incentive structure of the of the three main provisions in the Inflation Reduction Act (IRA) that impact real estate the most, the expansion of 179D: Deduction for Energy Efficient Commercial Building Property, Section 48: Investment Tax Credit for Energy Property, and Section 30C: Alternative Fuel Vehicle Refueling Property tax credits for energy efficiency, energy generation and decarbonized fuel production projects, electric vehicle (EV) infrastructure, manufacturing facilities and certain critical minerals essential for clean energy technologies."]]],[1,"p",[[0,[],0,"\u2022 Address the bonus 5x multiplier attached to tax credits of the IRA-eligible projects when prevailing wage and qualified apprenticeship requirements are being met. A high-level overview of the basic compliance requirements that contractors must prepare to meet as well as the recordkeeping recommendations will be reviewed."]]],[1,"p",[[0,[],0,"\u2022 Provide an overview of the bonus credits tied domestic content requirements, environmental justice, and proximity to an existing energy community."]]],[1,"p",[[0,[],0,"\u2022 Discuss the direct pay option for tax exempt clients for Section 48 and pass through of the 179D tax deduction."]]],[1,"p",[[0,[],0,"Parking is in the lot of the US Venture building between the building and Shell and the parking area of US Venture building along Lombardi Ave. Enter thru main doors of US Venture building. There will be a table and volunteer to direct you to the elevators."]]],[1,"p",[[0,[],0,"P\ufeffresenters:"]]],[1,"p",[[0,[2],1,"Laura Cataldo"],[0,[],0,", Director, Baker Tilly US"]]],[1,"p",[[0,[3],1,"Cory Wendt"],[0,[],0,", Principal, Baker Tilly US"]]],[1,"p",[[0,[],0,"S\ufeffponsored by Miron Construction"]]]]}