Energy Savings and the Inflation Reduction Act of 2022
On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (“IRA 2022’). The IRA 2022 changes the current 179D tax deduction for energy efficient buildings in a few important ways that are relevant to the construction industry. Below is a breakdown of the current 179D tax deduction and the changes made by the IRA 2022.
The Current 179D Tax Deduction
The current 179d tax deduction, enacted by the Inflation Reduction Act of 2006 (“IRA 2006”) is still applicable to projects until the end of 2022. Per the IRA 2006, a tax deduction of up to $1.80 per square foot (currently $1.
Responsibility For Documenting an Accident
Is an insurance company legally liable for an accident that occurred when its policyholder followed claims investigation recommendations? The Texas Supreme Court recently answered this question, stating, “no”.
In Elephant Insurance Company, LLC v. Lorraine Kenyon, Ms. Kenyon was involved in a car accident and had pulled over to the side of the road. She called her insurance company, Elephant Insurance, to report the claim. While she was on the phone with the adjuster, her husband arrived at the scene. The insurance adjuster made several suggestions about what would be needed to docum
