This update to the CARES Act may provide additional tax relief for SiteSage users

With all the COVID-related challenges in retail and food service these days, we’re all looking for ways to controls costs.  While it may be a bit tedious to wade through, there are some changes to the federal tax code that may provide some relief. 


We’ve come across some updates to the CARES Act that suggest the energy management equipment (and other facility upgrades) our customers purchased and placed in service on or after January 1, 2018 may be considered a Qualified Improvement Property (QIP) that is now eligible for 100% bonus deprecation. 


Here are a few other articles for reference:


This update to the code benefits buildings retrofit with energy management equipment, not new construction.


As you probably understand, we are not tax advisors, so please consult your tax advisor to see if you can take advantage of this benefit. 

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