Tax provisions in the “Inflation Reduction Act of 2022” relevant to the banking industry; potential implications
Preliminary observations regarding certain tax provisions in the IRA that could be relevant to the banking industry
Tax provisions in the IRA that could be relevant to the banking industry
President Biden on August 16, 2022, signed into law H.R. 5376 (commonly called the “Inflation Reduction Act of 2022” or “IRA”). The IRA includes significant law changes related to tax, climate change, energy, and healthcare.
Read a KPMG report [PDF 501 KB] that provides high-level, preliminary observations regarding certain tax provisions in the IRA that could be relevant to the banking industry and discusses how such provisions could affect financial institutions.
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