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Program Overview:
The Inflation Reduction Act commits to historic investments in clean energy, imposes a 15% corporate minimum tax and lowers prescription drug prices, among other measures. The bill, which President Joe Biden signed into law on August 16, 2022, aims to reduce carbon emissions by 40% by 2030 and contains a series of grants, loans and tax credits that will impact industries ranging from automotive to utilities and energy.
Please join us for an especially important and timely webinar discussion on the bill’s significant impact on climate, tax and health care policy, including the wide-ranging investment and revenue-raising provisions that made it into the final bill and how they will impact clients.
Topics will include the bill’s implications for:
- Corporate tax. To help pay for the new investments, the bill sets a 15% corporate minimum tax rate and a 1% excise tax on stock repurchases by publicly traded companies. - Clean energy. Tax credits and other incentives seek to promote investments in renewable and other innovative technologies that avoid or reduce greenhouse gases. - Domestic manufacturing. Incentives aim to spur the establishment of more U.S. manufacturing of advanced technology automotive vehicles as well as facilities (manufacturing, mining and processing) for critical minerals and other clean energy products and materials. - Health care. The bill would allow Medicare to negotiate certain prescription drug prices and would extend Affordable Care Act premium subsidies.
Speakers
Jennifer L. Bragg Partner, Life Sciences and Health Care; Litigation Skadden
Lance T. Brasher Partner, Energy and Infrastructure Projects Skadden
Maya Florence Partner, Life Sciences and Healthcare Skadden
Paul Schockett Partner, Tax Skadden
Elizabeth Malone Counsel, Environmental Skadden
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What the Inflation Reduction Act Means for Your Company
Registration Is Closed
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