Exelon cuts estimate for how much tax bill will increase because of the IRA to $200 million a year
Yahoo! Finance
Exelon Corp. disclosed Wednesday that it lowered its estimate for the tax impact from the Inflation Reduction Act (IRA) that was recently signed into law to an increase of $200 million a year, starting in 2023. Earlier this month, the company had estimated that the enactment of the IRA, which implements a new 15% corporate minimum tax based on net income, would increase cash taxes for Exelon by $300 million a year. "Exelon is continuing to assess the impacts of the IRA on the financial statement
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