Tax
Sep. 1, 2022
Key tax provisions in the Inflation Reduction Act
A trimmed down rendition of the original $1.75 trillion Build Back Better Act, this legislation introduces significant new tax provisions to help raise revenue and reduce the federal deficit.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
President Joe Biden recently signed the Inflation Reduction Act (the act) - an ambitious new bill which will spend approximately $375 billion over the next decade to fight climate change as well as slash health care costs.
A trimmed down rendition of the original $1.75 trillion Build Back Better Act, this legislation introduces significant new tax provisions to help raise revenue and reduce the federal deficit.
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