Gallagher: 15% alternative minimum tax won’t materially increase liabilities
AJ Gallagher has said that the 2022 Inflation Reduction Act (IRA), which includes a new corporate alternative minimum tax rate of 15%, will not result in material additional tax liabilities for the company, according to a SEC filing.
The IRA passed the US Senate 51-50 – with Vice President Kamala Harris breaking the tie – on August 7, and the House of Representatives is expected to vote on it Friday.
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