CAMT Guidance Catches Up to R&D Relief

On February 18, the IRS and Treasury issued new guidance on a grab bag of subjects relating to the corporate alternative minimum tax (“CAMT”), the most notable of which was a provision allowing companies to preserve the benefits of new R&D tax breaks granted as part of tax legislation enacted by Congress last year (the “2025 Tax Act”).... By: Cadwalader, Wickersham & Taft LLP