Submittal

6
notice, the deduction for the cost of the property shall not exceed the excess (if any)
of—
(A) the product of $0.60 and the square footage of the
building, over
(B) the aggregate amount of the § 179D deductions
allowed with respect to energy efficient lighting property installed on or in the building for
all prior taxable years.
(ii) Application to Multiple Taxpayers. If two or more
taxpayers install energy efficient lighting property on or in the same building and the
property is subject to the permanent rule in section 2.03(1)(a) of this notice, the
aggregate amount of the § 179D deductions allowed to all such taxpayers with respect
to the building shall not exceed the amount determined under section 2.03(2)(a)(i) of
this notice.
(b) Property subject to the interim rule.
(i) In General. If the energy efficient lighting property
installed on or in a building is subject to the interim rule in section 2.03(1)(b) of this
notice, the deduction for the cost of the property is equal to the applicable percentage of
the deduction that would be allowed if the property were subject to the permanent rule.
In addition, the deduction for the cost of the property shall not exceed the excess (if
any) of--
(A) the applicable percentage of the product of $0.60
and the square footage of the building, over