The Inflation Reduction Act of 2022 A stripped down 300-page version of previous Biden or Build Back Better administration proposals, passed the House by a vote of 220-207 on August 12, 2022, followed by Senate approval by the narrowest of margins, 51-50, with a tie-breaking vote cast by Vice President Kamala Harris. The law includes the extension and expansion of green energy incentives, a 15% alternative corporate minimum tax on countable income, a special share buyback tax