A CNBC.com article cited a LawFlash by partners Paul Gordon and Ryan Lighty and associates Jared Sanders, Scott Clausen, and Wendy Simon-Pearson about what the Inflation Reduction Act of 2022 (IRA) could do for the nuclear industry.
“The IRA includes a manufacturing production provision that allows for a tax credit for component parts produced and sold after 2022, according to a summary of the benefits of the IRA for the nuclear industry from the law firm Morgan Lewis,” CNBC.com writes. “This credit is not only for the nuclear industry, but it can be applicable, according to Morgan Lewis’ analysis of the new law. The specific credit depends on the type of component part produced and sold.”