Highlight: Backing Energy Communities

TL/DR - The US Internal Revenue Service has provided additional information on the tax credit for energy communities in the Inflation Reduction Act. This tax credit is designed to fund clean energy projects in US communities historically tied to fossil fuels. The new guidance broadens the definition of fossil fuel-related employment under the tax…

Clean Energy Projects in NC to Generate 30K Jobs, Add $10B to GDP

TL/DR - The Inflation Reduction Act has generated over $7.6 billion in wages through announced clean energy projects, according to a report from E2. The Act has boosted U.S. clean energy industrial policy by creating incentives for energy transition, including support for the solar industry, manufacturing incentives, and tax credits. Since the…

New Indiana Health Care Merger Law Unveiled

TL/DR - On March 13, 2024, Indiana Governor Eric J. Holcomb signed Senate Enrolled Act No. 9, which requires Indiana health care entities involved in a merger or acquisition with total assets of at least $10 million to provide written notice to the attorney general's office 90 days prior to the event. The act, introduced by State Senator Chris…

Inflation Reduction Act’s Negative Impact on My Son

TL/DR - The Inflation Reduction Act (IRA) could undermine the development of new therapies for psychiatric conditions such as schizophrenia due to a disparity in how it treats small and large molecule drugs. The Act protects new large molecule medicines for 13 years, but only grants small molecule drugs, which comprise almost all psychiatric…