This resolution allows the Environment Department to accept free tax services valued at $112,089 from Deloitte Tax LLP until May 31, 2025, to help the City find federal tax credits for sustainability projects. It also authorizes the department's director to manage the agreement and any necessary changes.
Resolution authorizing the Environment Department to accept and expend an in-kind gift of pro bono tax services, with an estimated value of $112,089 for a term of engagement effective upon approval of this Resolution through May 31, 2025, provided by Deloitte Tax LLP, to help the City identify opportunities to obtain federal tax credits for qualifying sustainability activities, and authorizing the Director of the Environment Department or the Directorβs designee, to enter into and execute the agreement, and amendments thereto, consistent with the proposal and necessary to carry out the purpose of the agreement or this Resolution, as defined herein.
How it got here
This legislation originated from the need for San Francisco to leverage federal tax credits for sustainability projects following the Inflation Reduction Act of 2022.
The Inflation Reduction Act was enacted, providing significant federal funding and incentives for climate and clean energy initiatives, which prompted local governments to explore opportunities for federal tax credits.
The Environment Department secured three federal grants totaling approximately $2,000,000, some sourced from the Inflation Reduction Act, to support sustainability efforts.
The Environment Department submitted a proposal to accept an in-kind gift of pro bono tax services from Deloitte Tax LLP to help identify opportunities for federal tax credits related to sustainability activities.
The Budget and Finance Committee recommended the resolution to accept and expend the in-kind gift of tax services from Deloitte.
The Board of Supervisors adopted the resolution authorizing the Environment Department to accept and expend the pro bono tax services from Deloitte.
The Mayor approved the resolution, allowing the Environment Department to proceed with the engagement with Deloitte.
Reconstructed from attached documents & the official record