Inflation Reduction Act (IRA) of 2022
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
The IRA of 2022, Pub. L. No. 117-169, is a law applicable to tax and climate provisions. It enacted various clean energy provisions, a corporate alternative minimum tax on adjusted financial statement income, and an excise tax on stock repurchases by publicly traded corporations. These changes apply to tax years beginning January 1, 2023.
The One Big Beautiful Bill (OB3) enacted July 4, 2025, terminated several of the climate provisions enacted by the IRA. See specific information for each section for termination dates.
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