Tag: corporate alternative minimum tax

Cooley Alert: Tax Implications of the Inflation Reduction Act

Earlier this week, the President signed into law the historic Inflation Reduction Act.  Along with important provisions regarding climate and healthcare, the IRA contains several significant tax provisions, including a 15% alternative minimum tax for corporations and a 1% excise tax on corporate stock buybacks. Want more information?  Read this Cooley Alert, Tax Implications of the Inflation Reduction Act, from our terrific Cooley Tax Department.