Final Rules on Direct Pay Under CHIPS Act Section 48D Released

TL/DR - The Chips and Science Act of 2022 allows for a tax credit equal to 25% of the "qualified investment" in manufacturing semiconductors or semiconductor manufacturing equipment in the U.S. In March 2023, the U.S. Department of the Treasury and the IRS released proposed regulations for this tax credit, including eligibility and direct…

Key Question for Republican Job Seekers & Potential Trump Jurors

TL/DR - Job applicants for positions in key states within the Republican National Committee are being asked whether they believe the 2020 election was stolen as a test of their loyalty to Donald Trump. This question has also been raised in Manhattan courtrooms during jury selection for Trump's trials. Prosecutors argue that a person who believes…

Wiley’s 10 Trade Updates: CHIPS Act & IRA Inflation Reduction – JD Supra

TL/DR - The article discusses Wiley's ten key developments in the trade industry, with particular focus on the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) Act and the Inflation Reduction Act (IRA). The CHIPS Act aims to boost domestic semiconductor production through a range of incentives, while the IRA is designed to…

Baltimore Bridge Collapse: Two Bodies Recovered, Details Emerge

TL/DR - The two victims found in a truck following an unspecified incident were identified as construction workers Alejandro Hernandez Fuentes, 35, from Baltimore, and Dorlian Ronial Castillo Cabrera, 26, from Dundalk, Maryland. Two other individuals are presumed dead, including Miguel Luna, a husband and father of three from El Salvador, and…