The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) resulted in some tax incentives around renovations including an update in the Qualified Improvement Property tax code. These changes could have a positive impact on your bottom line when you conduct commercial renovations.
New to QIP? Watch the video below to learn the basics and see an example on how this tax law change provides big incentives when it comes to property improvements.
See what our experts have to say about tax incentives and renovations during COVID19.
Hear from Cheryl English, the Vice President of Public Policy and Michael Shaw, the Vice President of Tax as they explain the details of this bipartisan tax benefit opportunity to write off equipment purchased during a building renovation.