On August 16, 2022, the Inflation Reduction Act was signed into law by President Biden.
- The law provides, over a 10-year period of time, for the following:
- Prescription drug price reform
- Imposing a selective 15% corporate minimum tax rate for companies with higher than $1 billion of annual financial statement income
- Increased tax enforcement
- Imposing a 1% excise tax on stock buybacks
- 2-year extension of the limitation on excess business losses
- Addressing domestic energy security and climate change, including funding for drought resiliency in western states
- Deficit reduction
- Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021
- Increased funding for the IRS for modernization and increased tax enforcement
Webinar Objectives
The webinar is designed to provide attendees with an overview of the Act, along with likely regulations that will come out to implement the Act’s provisions, Impact of the Act’s provisions on various industries will be discussed.
Webinar Highlights
- History and background of the Inflation Reduction Act (IRA)
- Original purposes and evolution of the IRA through the legislative processes
- Focus areas of the IRA
- Health and medical aspects
- Climate change and transition from carbon-based fuels to more sustainable options
- Electric vehicles and energy transition
- Tax credits as incentives
- General tax and economic impacts
- Other purposes
- Future outlook for the IRA
Who Should Attend
Compliance professionals, Tax Experts, Procurement, Marketing professionals, Corporate executives, management
