August 2022
On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law. The IRA makes changes to the Internal Revenue Code (IRC) intended to boost government revenue and promote clean energy. Within the IRA’s 700+ pages are changes to federal tax law, provisions that provide incentives for clean vehicles and other “green” measures and many other measures. Read on to learn more about what the IRA means for construction contractors.
