Tax Changes Under the Inflation Reduction Act—Impact on Health Care Organizations
This Bulletin is brought to you by AHLA’s Tax and Finance Practice Group.
- August 29, 2022
- Albert Lin , Husch Blackwell LLP
- Kevin Erb , Husch Blackwell LLP
The tax changes under the Inflation Reduction Act of 2022 (IRA), signed into law by President Biden on August 16, 2022, may have little effect on the typical health care organization. The primary change is the 15% corporate alternative minimum tax imposed on large corporations with average financial statement income exceeding $1 billion over a three-year period. It is estimated that only about 150 corporations are impacted by the corporate alternative minimum tax.
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