On August 16, 2022, the Inflation Reduction Act of 2022 (IRA) was passed. The IRA will have wide ranging impact on the construction industry, primarily around the energy and climate provisions of the legislation. These provisions were enacted to further promote, expand, and incentivize actions around the design, development, and construction of energy efficient property.
CICPAC’s Tax Thought Leadership Committee compiled a document that was updated recently to summarize the tax guidance that may impact our construction clients. This document is an overview for further consideration for planning this year and beyond. Please click the link below to learn more.
And as always, if you have any questions, please call our office.
