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NetSuite NEXT Scorecard
On Aug. 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022, sweeping legislation addressing healthcare, climate change and renewable energy incentives, and inflation, among other priorities. A much slimmer version of the President’s Build Back Better proposals, the Act is the result of significant and lengthy negotiations within the Democratic caucus aimed primarily at gaining the support of Senators Manchin and Sinema.
In addition to its numerous tax provisions targeting renewable energy and renewable energy investment – explored in this overview by our Renewable Energy team
The Act contains several other significant tax provisions that businesses should note, including:
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