INFLATION REDUCTION ACT House SponsorsRep. Brad Halbrook 1/7/2025HouseSession Sine Die New Act Creates the Inflation Reduction Act. Provides that the General Assembly shall reduce all discretionary spending appropriations to State agencies during fiscal year 2025 by 5% of the estimated expenditures in fiscal year 2024. Effective immediately. 2/8/2024HouseFiled with the Clerk by Rep. Brad Halbrook 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die