<div dir="ltr">Hi Luis,<div><br></div><div>I'm so glad someone out there asked this question! YES!</div><div></div><div><br></div><div><div>In 2014, the <span class="gmail-il">IRS</span> introduced a <b>"<span class="gmail-il">routine</span> <span class="gmail-il">maintenance</span> safe harbor!"</b> for owners of real estate and other assets to allow them to deduct expenses from <span class="gmail-il">routine</span> <span class="gmail-il">maintenance</span>!</div><div><i>(I do not know and would love to know the origins of the <a href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations" target="_blank"><span class="gmail-il">IRS</span> Repair Regulations</a>!)</i></div><div><br></div><div>What is your friend working to push!?<br></div><div>I'm trying to make a case for state legislatures to create liability shields for organizations from tort litigation on the condition that they follow a specific regime of <span class="gmail-il">routine</span> <span class="gmail-il">maintenance</span>.</div><div>These legal nudges if available would incentivize organizations to perform <span class="gmail-il">routine</span> <span class="gmail-il">maintenance</span>.<br></div></div><div><br>I've been corresponding with a legal scholar, Dr. Alex Sarch at the University of Oxford and <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3598026">author of the book titled "Criminally Ignorant"</a></div><div><br></div><div>Varun</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Apr 26, 2021 at 2:07 PM Luis Villa <<a href="mailto:luis@lu.is">luis@lu.is</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div>Hey, all-</div><div>Are there any US federal (or state) tax credits for maintenance that you're aware of (bonus if you think they're actually... good?)</div><div><br></div><div>Asking for a DC friend who is trying to push one, but sort of starting from scratch. I'm wondering if there are models they could base their work on (or pitfalls they could avoid).</div><div><br></div><div>Thanks-<br></div><div>Luis<br></div></div>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr">Thank You,<div>Varun Adibhatla</div><div>ARGO</div><div>347-815-3383</div></div></div>