On May 12, the U.S. Department of the Treasury and Internal Revenue Service released additional guidance on the Inflation Reduction Act’s domestic content bonus tax credits, which are in effect for all taxable years ending after May 12, 2023. The guidance may be relied upon by taxpayers for all construction that begins prior to the effective date of forthcoming proposed regulations.
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Treasury Releases Guidance on IRA Domestic Content Requirements
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ABC’s August Regulatory Roundup—Learn About the Latest Developments
ABC has prepared a summary of Biden administration regulatory actions of interest to ABC members by agency.
Council on Environmental Quality Proposes Expansive Changes to NEPA Permitting Rules
On July 31, the Council on Environmental Quality released a proposed rule to implement Phase 2 of revisions to the National Environmental Policy Act implementing regulations. The proposal makes wide-ranging changes to the rules for federal agencies conducting the...
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Smucker Introduces the ABC-Supported Main Street Tax Certainty Act
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