### Question
How does the law define qualified conservation purpose?


### Answer
Under *26 U.S.C. § 54D*, **qualified conservation purpose** is defined as:

> any of the following:



(A) Capital expenditures incurred for purposes of—



(i) reducing energy consumption in publicly-owned buildings by at least 20 percent,



(ii) implementing green community programs (including the use of loans, grants, or other repayment mechanisms to implement such programs),



(iii) rural development involving the production of electricity from renewable energy resources, or



(iv) any qualified facility (as determined under section 45(d) without regard to paragraphs (8) and (10) thereof and without regard to any placed in service date)

#### Citation:
  - *26 U.S.C. § 54D*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart I-Qualified Tax Credit Bonds**

