Below is a summary of the tax provisions in the Inflation Reduction Act of 2022 (the "IRA"), as passed by the Senate, that are likely to be of most interest to U.S. corporate taxpayers.
The following alert provides a high level update to the August 4 Akin Gump comprehensive section-by-section report, which was published before the Senate vote-a-rama and final Senate.
WASHINGTON It was a far cry from what Democratic President Joe Biden and progressives originally sought, and it included some late giveaways to Big Pharma, Wall Street and the fossil fuel industry, but senators approved the $739 billion Inflation Reduction Act, on August 7.
Senators Have Options During Reconciliation Debate rstreet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rstreet.org Daily Mail and Mail on Sunday newspapers.
How the Senate Manages Vote-a-Rama rstreet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rstreet.org Daily Mail and Mail on Sunday newspapers.