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Inflation Reduction Act
Welcome to Bracewell’s Inflation Reduction Act Resource Center
When President Biden signed the Inflation Reduction Act of 2022 (IRA) on August 16, the US government made the largest investment in addressing climate change and supporting renewable energy development in the nation’s history. The IRA includes key provisions related to:
- carbon capture and sequestration (CCUS) projects
- hydrogen development
- onshore and offshore wind development
- solar projects
- energy storage
Bracewell is uniquely positioned to provide advice and insight on the opportunities presented by the IRA. Our government relations team was influential in shaping the legislation, and is in constant dialogue with legislative leaders and administrative officials. In addition, our lawyers are unmatched in their knowledge and experience in the energy sector.
Treasury Department and IRS Release Guidance With Respect to the Sustainable Aviation Fuel Credit
On December 19, 2022, the Treasury Department and the IRS released Notice 2023-6 (the Notice), which provides guidance with respect to the credit for sustainable aviation fuel (SAF). The Inflation Reduction Act of 2022 (the IRA) enacted Section 40B of...
IRS and Treasury Department Release Initial Guidance for Labor Requirements Under Inflation Reduction Act
On November 30, 2022, the IRS and the Treasury Department published Notice 2022-61 (the Notice) in the Federal Register. The Notice provides guidance regarding the prevailing wage requirements (the Prevailing Wage Requirements) and the apprenticeship requirements (the Apprenticeship Requirements and...
General Overview of the Inflation Reduction Act of 2022
On Tuesday, August 16, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law, which includes material changes to various sections of the Internal Revenue Code of 1986, as amended (the Code). The following is a general...