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Crowell Talks Tax: Recent Developments with the Inflation Reduction Act (VIDEO)

Client Alert | 11 min read | 02.28.24

Tax partner and co-chair Christine Lane and tax partner Carina Federico discuss recent developments with the Inflation Reduction Act.

Key Takeaways:

  • Monetization of tax credits;
  • Unpacking the bonus credits;
  • Timeline of finalized transferability regulations; and
  • Using the tax portal and the importance of pre-filing

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Client Alert | 7 min read | 12.17.25

CARB Proposes Regulations Implementing California GHG Emissions and Climate-Related Financial Risk Reporting Laws

After hosting a series of workshops and issuing multiple rounds of materials, including enforcement notices, checklists, templates, and other guidance, the California Air Resources Board (CARB) has proposed regulations to implement the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261) (both as amended by SB 219), which require large U.S.-based businesses operating in California to disclose greenhouse gas (GHG) emissions and climate-related risks. CARB also published a Notice of Public Hearing and an Initial Statement of Reasons along with the proposed regulations. While CARB’s final rules were statutorily required to be promulgated by July 1, 2025, these are still just proposals. CARB’s proposed rules largely track earlier guidance regarding how CARB intends to define compliance obligations, exemptions, and key deadlines, and establish fee programs to fund regulatory operations....