Bloomberg Law
Sept. 20, 2022, 2:11 PM UTC

IRS Working to Issue ‘Quick Guidance’ on Tax-and-Climate Law

Naomi Jagoda
Naomi Jagoda
Senior Reporter

The IRS and Treasury Department are working to provide “quick guidance” on provisions of the new tax-and-climate law, an IRS official said Tuesday.

Notices of proposed rulemaking should be published “very soon,” said Robin Greenhouse, division counsel for the IRS Large Business & International Division, at a conference hosted by the Tax Executives Institute.

The law, which President Joe Biden signed into law last month, includes a number of tax-related provisions, including clean energy tax incentives, a tax on stock buybacks, and a corporate alternative minimum tax.

  • Greenhouse also said the IRS is “actively working on” guidance related to a ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.