Bulletin No. 2012-28 July 9, 2012

larly (1) how to measure reductions of energy consumption in publicly-owned buildings by at least 20 percent, and (2) what constitutes a “green community program.”

Rev. Proc. 2012–29, page 49. This procedure provides sample language that may be used (but is not required to be used) for making an election under section 83(b) of the Code. Additionally, the procedure provides examples of the income tax consequences of making such an election.