Federal Credits and Incentives Changes – What You Need to Know About the Inflation Reduction Act

With the Inflation Reduction Act (IRA) now officially law, it is important for businesses to fully understand the landscape of federal incentive opportunities and how they may apply to their operations.  The IRA includes over $350 billion in new and expanded clean energy tax credits. Businesses should understand the applicability, timing, and process for disbursements of these incentives, particularly due to the refundability / transferability mechanisms now available. Understanding the full landscape of these federal credits and incentive changes, especially when coupled with available global, state, and local credits and incentives, is critical.

Please join us for our upcoming webcast, where KPMG professionals discuss a variety of topics, including:

• Overview of the Inflation Reduction Act and the CHIPS bill
• IRA energy tax provisions – a discussion of key provisions
• IRA credits monetization via direct pay and transferability
• Advanced ITC for Semiconductors (Section 48D)
• What’s next?