Commercial Casinos Energy Policy Act Tax Opportunity
The casino environment Commercial casinos in the United States had a total revenue of at least $30 Billion between 2005 and 2008.1. Due to the economic downturn in America, US casino construction has slowed to a crawl and operators have shifted their attention to cost reductions for existing facilities. Section 179(D), Tax Provisions Casino operators are increasingly taking advantage of the EPAct IRC Section 179(D), commercial building energy efficiency tax provisions. These provisions have been extended up to 2013. EPAct tax deductions can be claimed for qualifying energy savings in lighting, HVAC (heating, ventilation and air conditioning), or building envelope. The building envelope is made up of the foundation, walls, roof and windows of the building. These elements control the flow and distribution of energy within the building. The Nature of Casino Properties Many commercial casinos include hotel resorts that offer attractive services to their corporate and family clients
