The U.S. IRS has announced the issuance of the final regulations providing guidance on the implementation of the advanced manufacturing investment credit established by the CHIPS Act of 2022. The final regulations were published in the Federal Register on 23 October 2024 and generally apply to property that is placed in service after 31 December 2022, and during a taxable year ending on or after 23 October 2024. --- IRS and Treasury issue guidance on implementation of advanced manufacturing investment credit WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations that provide guidance...