By Mark E. Battersby
No, neither the price of gasoline nor its impact on your multi-unit, multi-brand franchise business will be reduced under of the recently passed energy and transportation bills. However, both the Energy Tax Incentives Act of 2005, and the Safe, Accountable, Flexible Efficient Transportation Equity Act of 2005, could have a noticeable impact on the tax bills of every franchised business - as well as those of their owners and operators.
It is no secret that these bills were designed to boost conservation efforts, increase domestic energy production and fund improvements to the country's transportation infrastructure. Tucked away in the provisions of these new laws, however, are new tax incentives that have been added for the purchase and installation of so-called "solar energy property." What's more, those who use vehicles in their business operations may be able to take advantage of the revised credits available for either the purchase or lease of hybrid and other types of alternative fuel vehicles.
For those owners and operators involved in residential construction, an innovative new provision for builders of energy-efficient homes, including those producing manufactured houses, offers a $1,000 or $2,000 tax credit. Commercial building owners could benefit from provisions in the new law that will reward them for energy-efficient expenditures on their properties....read more
No comments:
Post a Comment