The Inflation Reduction Act
The Inflation Reduction Act, Public Law 117-169 (H.R. 5376), enacted 2022-08-16. What the text says, its status by provision, and sources.
Public Law 117-169, enacted August 16, 2022 as H.R. 5376 and commonly called the Inflation Reduction Act, is a reconciliation law. Among its provisions, section 10101 created a corporate alternative minimum tax: for an applicable corporation, a tentative minimum tax of 15 percent of adjusted financial statement income, less the corporate AMT foreign tax credit. This record covers only that provision so far; the law's energy and health provisions have not yet been researched. Economic effects, who was affected and why people disagree are marked as not yet researched where that is so. No person has signed off on this record.