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Finance & markets · 21/06/2023

IRS Proposes Regulations for Elective Payment of Advanced Manufacturing Investment Credit Under CHIPS Act

The IRS has released proposed regulations for the elective payment of the advanced manufacturing investment credit under the CHIPS Act of 2022, outlining rules for partnerships, S corporations, and a pre-filing registration process for taxpayers making the elective payment election.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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