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Crowell Talks Tax: Recent Developments with the Inflation Reduction Act (VIDEO)

Client Alert | 11 min read | 02.28.24

Tax partner and co-chair Christine Lane and tax partner Carina Federico discuss recent developments with the Inflation Reduction Act.

Key Takeaways:

  • Monetization of tax credits;
  • Unpacking the bonus credits;
  • Timeline of finalized transferability regulations; and
  • Using the tax portal and the importance of pre-filing

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Insights

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California’s New AI Bill To Require Copyright Disclosure of Training Data

On February 4, 2025, California Assemblywoman Rebecca Bauer-Kahan introduced AB 412, titled the AI Copyright Transparency Act (the “Act”), which is aimed at increasing greater transparency when copyrighted materials are used as training data for Generative AI (“GenAI”) models and systems. If passed, the Act would require developers who use copyrighted materials as part of their training dataset to disclose this use to the copyright owners....