New/Expanded Incentives for Sustainability-Related Investments
15 Aug 2023
News
The Inflation Reduction Act of 2022 (IRA), signed by President Biden on August 16, 2022, changed a wide range of tax laws, and includes some $369 billion in new and expanded incentives for energy efficiency, renewable and clean energy investments, fleet decarbonization, infrastructure improvements, and other sustainability-related investments. While many of the changes have gone into effect, the regulations and guidance are still unfolding.
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