Two landmark legislative pieces were passed in 2022, the Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) Act and the Inflation Reduction Act (“IRA”). Each piece of tax legislation offers significant planning opportunities along with tax credits/deductions and grants and incentives available to taxpayers that meet specific criteria. This session will discuss each of these pieces of tax legislation along with outlining new federal grant programs, tax credits, and other incentives for eligible A&E firms. It will also discuss certain limitations and challenges, next steps and offer guidance for A&E firms seeking to take advantage of the new tax incentives under the CHIPS Act and IRA of 2022.

Learning Objectives

• Overview of the CHIPS Act and Inflation Reduction Act
• New federal Grant and Loan programs
• Best practices to secure optimum tax benefits under the new legislation

CPE Accreditation
Delivery Method | Group Internet Based
Recommended CPE Credit | Up to 1 CPE, pending approval
Recommended Field(s) of Study | Taxes
Recommended CPE Category | Technical Expertise/Problem Solving
Prerequisites | None
Program Level | Basic
Advanced Preparation | None