A-2024-40: Federal Income Tax Treatment of Certain Amounts Paid or Incurred Pursuant to Agreements with the Department of Commerce Required Under the CHIPS Act of 2022

Announcement 2024-40 addresses the Federal income tax treatment of certain amounts paid or incurred pursuant to agreements with the Department of Commerce required under the CHIPS Act of 2022.

Announcement 2024-40 will be in IRB: 2024-51, dated 12/16/2024.

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