A provision in the Inflation Reduction Act, signed into law this summer by President Joe Biden, not only increases the size of the tax credit for conversions to renewable energy but also makes nonprofit entities, like parishes, eligible to receive the tax benefits themselves.
Landmark legislation to address climate change, reduce prescription drug costs, and establish a minimum tax on large corporations — once thought dead but suddenly passed by the Senate — is being hailed by Catholic advocates.
Faith-based groups are voicing worries that lawmakers will extend already existing provisions to further prevent immigrants from entering the U.S. as legislators haggle over what will be included in a historic $260 billion spending bill focused on health care and the environment.
