Marc Gerson, former majority tax counsel to the U.S. House of Representatives Committee on Ways and Means, commented on the Joint Committee on Taxation's "General Explanation of Tax Legislation Enacted in the last Congress," commonly known as the Bluebook. This year's Bluebook is set to be a guide on the intent behind two major pieces of 2022 legislation, the tax-and-climate law known as the Inflation Reduction Act (IRA) and retirement law Secure Act 2.0, as well as identify any potential technical corrections needed. "This one is particularly important because this really is the only legislative history behind some of these pieces of legislation that were enacted," Gerson said. "That's important for the guidance process, and for helping taxpayers and the IRS understand what was behind the enactment of them, which impacts how they're administered and complied with going forward." The combination of the technical corrections released in the Bluebook with the lawmakers' discussion draft may mean that there's some possibility of Congress making the fixes, Gerson noted. Among other items, the Bluebook also details the corporate alternative minimum (CAMT) enacted in 2022 as part of IRA. The Bluebook contains lengthy footnotes on the CAMT, providing more information beyond statutory language and identifying some technical fixes, Gerson said.