Roger Lee’s article “CHIPS Act Tax Credit Ambiguities” was featured in The National Law Review. It examines the recently signed Creating Helpful Incentives to Produce Semiconductors Act (CHIPS Act), which features significant loans, loan guarantees, and new investment tax credits to qualified investments in the semiconductor and advanced manufacturing industries.
The article also mentions the new tax provisions and credits set in place by the CHIPS Act. “Taxpayers should also be aware of other potential clawbacks of the credit. If the qualified investment ceases to be eligible for the tax credit or if the taxpayer disposes of the investment, each within five years after the date on which the property is placed in service, the credit may be subject to recapture,” said Roger Lee.
