Details of Public Law 117-169, section 13303 , Energy Efficient Commercial Buildings Deduction

This provision is not applicable under California Law. Under the PITL, California specifically does not conform to the federal deduction for energy efficient commercial buildings, and the deduction has not been incorporated under the CTL. California law conforms, under the Corporation Tax Law (CTL), to federal rules related to corporate distributions and adjustments under IRC section 312, as of 1/1/2015. However, California does not conform to the federal changes under the Inflation Reduction Act that allows the IRC 179D deduction in computing the earnings and profits of a REIT corporation.