Consulting Services for Identifying and Optimizing Tax Credit Opportunities

The vendor is required to provide consulting services for identifying and optimizing tax credit opportunities for include:
a. Initial consultation, project assessment and general requirements:
• Upon request, meet with state tech to review building(s) and or projects and identify those buildings and projects that may be candidates for evaluation.
• Provide an appropriate level of expertise required in each area to ensure compliance with the provisions of epact.
• Provide proposal for project specific services associated with state tech’s assignment of the tax deduction to the applicant.
b. Services related to achieving tax deductibility:
• Evaluate the potential tax incentives available under the epact for qualified firms involved in the construction, renovation, or modernization of eligible state tech buildings and projects.
• The selected offeror shall assist state tech in assigning and supplying all supporting documentation as required by epact, and the guidance and implementing rules and regulations of the internal revenue service, to achieve tax deductibility.
• Assist state tech in identifying all documentation required by epact, and implementing the rules and regulations prescribed by the IRS to achieve tax deductibility.
• Produce and provide the appropriate governmental agencies all supporting documentation required to achieve certification as required of the IRS as amended or updated.
• Provide or contract for the appropriate level of expertise required in each area (e.g., engineer, tax consultant, etc.) needed to comply with the provisions of epact.
• Obtain engineering modeling, conduct site visits, and complete certification required to meet §179d guidelines.
• Provide modeling and calculation services to render maximum valuation of tax benefits
c. Services related to future projects:
• The selected offeror shall assist state tech, as requested, in preparing for future projects to be completed that may be eligible for tax deductions under epact.
• Review and support owner discussions to identify the projects that will be in the university’s best interest to apply tax credits.
• If a project is deemed to be appropriate, the consultant shall determine the maximum valuation of tax benefit for allocation.
• In the event epact is further extended, assist state tech in creating policies and procedures to maximize benefit while maintaining full compliance under epact.
- Contract Period/Term: 2 years
- Virtual Pre-Proposal Conference Date: April 22, 2025
- Questions/Inquires Deadline: April 28, 2025