Considering the impact of the 2022 Inflation Reduction Act for Utility tax and regulatory
H.R. 5376, known as the Inflation Reduction Act, introduces legislation that will affect our industry across many facets. From our conversations with utility leaders, we know there are ongoing questions:
How will we determine if we are an “Applicable Corporation” subject to the new corporate minimum tax?
What will make the definition of “Adjusted Financial Statement Income” (“AFSI”)?
How will my systems calculate and record two types of taxes?
What will I be able to recover from my customers from a regulatory perspective?
Are the normalization rules going to come into play?
What tools will I use to model the impacts on cash flows, earnings, and regulatory outcomes?
A tailor-made, automated solution bringing sanity to complexity.
Learn how you can be confident and certain using innovative automation made possible with RCC’s Aggregate Singularity.