Aprio Webinar: CHIPS & Inflation Reduction Acts: Understanding the Tax Implications & Opportunities

Two major pieces of legislation, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act and the Inflation Reduction Act, are once again changing the tax landscape.

Join Aprio for a webinar to learn what the CHIPS and Inflation Reduction Acts could mean for you and your business going forward. Our Tax Services team will discuss how:

– The Inflation Reduction Act focuses on climate and healthcare, with incentives covering activities like the development of clean energy, energy-efficient improvements to commercial buildings, consumer adoption of energy-efficient technologies and caps for Medicare drug costs. Incentives in the Inflation Reduction Act are funded from the much-discussed Global Minimum tax which applies to companies with $1 billion in annual earnings, and increased funding for the IRS.

– The CHIPS Act offers a variety of incentives to spur domestic capabilities to manufacture semiconductors. With incentives ranging from training to manufacturing of both chips and the supplies required for chip production, this bill offers opportunities for a wide range of US businesses.