Week in Review with Mark Prater - Mar 24, 2023

Mark Prater
Friday, March 24, 2023

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.

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

In case you missed it, watch:
FASB exposure draft: Key for companies to engage and prepare
Bipartisan R&D bill may lead to broader tax legislation

You also can read our PwC Insight:
FASB issues Exposure Draft for proposed changes to income tax disclosures

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