Senators Float Review Act Threat for Lagging Tax Regs

April 17, 2024

The guidance addressed where electric vehicle charging stations could be located to qualify for an IRA tax break. If Republicans win in November, one of the earlier bills filed in the 119th Congress might be to roll back some IRA rules. Still, Republicans may have an unusual opportunity because big tax overhauls are infrequent and mistimed when it comes to the CRA. Likewise, Trump was around for three years after the Tax Cuts and Jobs Act passed. Although the timing for the IRA rules isn’t as fortuitous, successful CRA overturns have been on regs from the Labor, Education, and Interior departments, not from Treasury.

The source of this news is from TaxBit