Inflation Reduction Act Summary

Following Vice President Harris casting her vote to break its 50-50 passage in the Senate and 220-207 passage in the House of Representatives, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16, 2022.

Given the scope of the legislation, the amounts invested, especially towards clean energy provisions, Elevate Government Affairs has produced this summary to provide in-depth information on the investments in energy and climate change, taxation and healthcare. We also have provided information on how certain investments and tax credits can be taken advantage of. Should you have any specific questions, please reach out to a member of our team.