Inflation Reduction Act (IRA): Overview, Key Regulations & it's Impact!
Recently, President Biden signed the Inflation Reduction Act into law, which encompasses various provisions over a 10-year period. These include:
- Prescription drug price reform
- Imposing a selective 15% corporate minimum tax rate for companies with annual financial statement income exceeding $1 billion
- Enhanced tax enforcement measures
- Imposing a 1% excise tax on stock buybacks
- Extending the limitation on excess business losses for an additional 2 years
- Addressing domestic energy security and climate change, including funding for drought resiliency in western states
- Deficit reduction measures
- Continuing the expansion of Affordable Care Act subsidies for an additional 3 years, initially expanded under the American Rescue Plan Act of 2021
- Increased funding for the IRS to support modernization efforts and enhanced tax enforcement.
Join us for this information-packed webinar by esteemed speaker and attorney, Kenneth Barden that aims to provide a comprehensive understanding of the Inflation Reduction Act, including an overview of its key provisions and the potential regulations that will be implemented to enforce these provisions. Furthermore, the webinar will explore the impact of the Act on different industries, allowing participants to gain insights into how their specific sectors may be affected. By the end of the session, attendees will have a clearer understanding of the Act's implications and be better equipped to navigate its impact on their respective industries.
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
