Mark Prater discusses how recent Treasury guidance on tax incentives included in the CHIPS Act and the Inflation Reduction Act is intended to provide taxpayers with needed clarity before they commit to investments. Legislative hurdles likely will delay any reversal of Section 174 R&D amortization. Mark encourages companies to focus on efforts to address Section 174 and provide additional guidance on climate and CHIPS provisions.

IN THIS EPISODE
Mark Prater, Managing Director, PwC’s Tax Policy Services Practice

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