
How Will the Inflation Reduction Act Impact Commercial Real Estate?
At the start of 2023, several changes introduced by the Inflation Reduction Act (IRA) of 2022 took effect. As part of the effort to reduce carbon emissions, the landmark $369 billion spending bill revamps and restructures the IRC 179D deduction and the IRC 45L tax credit. We will begin to see the effects of these changes as the year progresses,