The U.S. IRS has announced the issuance of proposed regulations providing guidance on the implementation of the Advance Manufacturing Investment Credit. The proposed regulations are scheduled to be published in the Federal Register on 23 March 2023. --- Treasury, IRS issue guidance on implementation of advanced manufacturing investment credit IR-2023-52, March 21, 2023 WASHINGTON — The Internal Revenue Service today issued proposed regulations that provide guidance regarding the implementation of The Advanced Manufacturing Investment Credit, established by the Creating Helpful Incentives to Produce Semiconductors Act of 2022, commonly known as the CHIPS Act. This credit will incentivize the manufacture of...