Biden White House Keeps Focus on Tax-and-Climate Law Regulations

Executing on Democrats’ 2022 tax-and-climate law is among the Biden administration’s top tax-focused regulatory priorities for the coming year.

Many of the new regulatory projects announced Wednesday already are listed on the IRS’s annual priority guidance plan that was released at the end of September—including regulations on some of the energy provisions of the Inflation Reduction Act and how US cryptocurrency brokers will report transactions under the OECD’s Crypto Asset Reporting Framework.

Among Biden’s list of regulations, only three new energy proposed rules were included: advanced manufacturing production credit, transfer provisions for the clean vehicle credit, and the energy-efficient commercial buildings ...