Biden White House Keeps Focus on Tax-and-Climate Law Regulations - Bloomberg Tax
Biden White House Keeps Focus on Tax-and-Climate Law Regulations
Executing on Democrats’ 2022 tax-and-climate law is among the Biden administration’s top tax-focused regulatory priorities for the coming year.
Many of the new regulatory projects announced Wednesday already are listed on the IRS’s annual priority guidance plan that was released at the end of September—including regulations on some of the energy provisions of the Inflation Reduction Act and how US cryptocurrency brokers will report transactions under the OECD’s Crypto Asset Reporting Framework.
Among Biden’s list of regulations, only three new energy proposed rules were included: advanced manufacturing production credit, transfer provisions for the clean vehicle credit, and the energy-efficient commercial buildings ...
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.