State and local governments play a vital role in the economy by providing essential services, infrastructure, and regulatory frameworks that support businesses across various industries. To enhance economic development and encourage private sector investment, many state and local governments offer a range of grant management programs and tax incentives. This page discusses the key opportunities available for state and local government entities, focusing on the 79D and 45L tax incentives, cost segregation, R&D tax credits, payroll tax credits, and other relevant funding options.
Lasting Community Benefits
State and local government buildings not only house essential public services but also reflect the values and aspirations of the communities they serve. Enhance infrastructure projects, reduce costs, and foster sustainable development
Cost segregation is a tax planning strategy that allows government entities, especially those involved in real estate, to maximize tax benefits through accelerated depreciation. By identifying and segregating personal property from real property, state and local governments can reduce their taxable income and improve cash flow. This financial advantage can be redirected into community projects, infrastructure improvements, and other essential services.
The 79D tax incentive is a significant opportunity for state and local governments to promote energy efficiency in commercial buildings. By encouraging investments in energy-saving measures, governments can help reduce overall energy consumption and carbon emissions. Entities that implement qualifying energy-efficient upgrades can claim a tax deduction based on the energy savings achieved. This not only lowers tax liabilities but also contributes to sustainable development goals at the local level.
The 45L tax incentive encourages the construction of energy-efficient homes, providing credits to builders and developers who meet specific energy standards. State and local governments can utilize this incentive to stimulate housing development while promoting environmentally friendly practices. By facilitating the construction of energy-efficient residences, governments can address housing shortages and contribute to community sustainability.
Infrastructure Grants
State and local governments often have access to various grant programs designed to enhance infrastructure development. These grants can fund projects such as
- transportation improvements
- water supply enhancements
- and public facility upgrades
By leveraging these funds, governments can create a more robust infrastructure that supports economic activities and enhances community quality of life.
Economic Development
Economic development grants are essential for supporting initiatives that promote business growth and community revitalization. These grants can assist in funding
- workforce training programs,
- business incubators,
- and other initiatives that drive economic development.
State and local governments can collaborate with businesses to identify funding opportunities that align with their strategic goals.
Our Services
Detailed Study
We provide a comprehensive cost segregation study that breaks down the components of your property into different asset classes. This report serves as the foundation for claiming accelerated depreciation and is designed to withstand IRS scrutiny.
Implementation Support
We work closely with your accounting team to implement the findings of the cost segregation study into your tax filings. Our goal is to make the process as seamless as possible, ensuring that you benefit from the maximum tax savings with minimal disruption to your business.
Ongoing Consultation
As tax laws and property regulations evolve, we continue to provide support and consultation. We keep you informed of any changes that could affect your depreciation strategy and help you adjust your approach accordingly.
Why
choose
us?
Greater chances of success
With the help of our experience, you have a better chance of successful acceptances.
Performance-based remuneration
You pay largely based on success.
You can find out more about this in a personal meeting.
Significant time savings
With us, you save between 80 and 90% of your time and gain a clear roadmap for all decisions and future processes.
Accurate selection of the right programs
The area of subsidies is a broad field. We navigate you unerringly through the various funding programs.
Legal certainty
We advise you on financial planning before and after funding approval. This gives you legal certainty in the sometimes complex issues of finances and allocations.
Our Team of Consultants
Marius Ehrlinger
CEO/Founder
Jasmine Simmons
Senior Consultant
Chris Walve
Senior Account Executive
Eunice Salinas
Cost Segregation and R&D
Additional Services
We'll help you secure
the grants you need
Complexity needs a trusted guide. With our expertise and cross-sector versatility we can deliver success. We work with organizations across many industries and pioneer new directions for the future.