The IRS has provided guidance on qualified energy conservation bonds under Code Sec. 54D that answers questions regarding “qualified conservation purposes” eligible for financing with these bonds, particularly: (1) how to measure reductions of energy consumption in publicly owned buildings by at least 20 percent under Code Sec. 54D(f)(1)(A)(i) and (2) what constitutes a “green-community program” under Code Sec. 54D(f)(1)(A)(ii). The guidance is provided in a question-and-answer format and issuers may rely upon the answers until further guidance is provided.
Notice 2012-44, 2012FED ¶46,391
Code Sec. 54D
CCH Reference – 2012FED ¶4908.035
CCH Reference – 2012FED ¶4908.60
Tax Research Consultant
CCH Reference – TRC BUSEXP: 55,808