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RESOURCES: Taxes for "Green" Business

Posted by Jennifer Woofter on January 17, 2007

It’s that time of year again, when the W-2s start arriving in the mail and your accountant’s phone starts ringing off the hook. As your business begins the time-consuming and mind-scrambling task of annual taxes, don’t forget that it pays to be green!

Starting this year, commercial buildings meeting certain energy-savings targets can by deducted by as much as $1.80 per square foot of your taxes. Information on getting certified for the new deduction is available here.

Also starting this year, businesses the use hybrid or alternative fuel vehicles for commercial purposes can qualify for a tax credit.

Not too shabby!


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