Loper Bright and the Chevron doctrine: Frequently asked questions (FAQ)

The Supreme Court in Loper Bright Enterprises v. Raimondo, No. 22-451 (6/28/2024) (Loper Bright) invalidated the Chevron doctrine that has been in place since 1984. Many tax practitioners have expressed concern about the impact of this ruling on previously issued court decisions and other interpretations of the Internal Revenue Code (IRC), including regulations.

The Loper Bright decision overruled and eliminated the test established in the Chevron U.S.A. Inc. v. Natural Resources Defense Council, Inc., 467 U.S. 837