Domestic Production Tax Deduciton
Charles R. Goulding, Attorney, CPA, is the President of Energy Tax Savers, an inter-disciplinary tax and engineering firm that specializes in energy related tax incentives.
Michael Wilshere is a Tax Analyst with Energy Tax Savers.
Together they have written the report The “Domestic Production Tax Deduction” for Geothermal Projects
regarding IRC Section 199, also known as the “Domestic Production Activity” tax deduction, which provides a deduction equal to 9% of taxable income in a given year for certain projects, which may include geothermal projects. We thank Energy Tax savers for providing NY-GEO with this report. We invite you to read this report and urge you consult your tax advisor if you think the deduction may be applicable to your business.