The Inflation Reduction Act of 2022: Takeaways for the Clean Energy Sector

Mintz - Energy & Sustainability Viewpoints
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Inflation Reduction Act Overview -

$740 billion package focused on inflation and deficit reduction, health care, and energy security & climate change -

• Raises $737 billion in revenue through a new 15% corporate book minimum tax, reform of prescription drug pricing, IRS tax enforcement, a 1% excise tax on stock buybacks, and a two year extension of the excess business loss limitation rules

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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