The U.S. IRS has announced the issuance of the final regulations providing guidance on the advanced manufacturing production credit established by the Inflation Reduction Act of 2022. The regulations apply to eligible components for which production is completed and sales occur after 31 December, and during taxable years ending on or after 28 October 2024. Taxpayers may choose to apply these regulations to eligible components for which production is completed and sales occur after 31 December 2022, and during taxable years ending before 28 October 2024, provided that taxpayers follow the regulations in their entirety and in a consistent manner....