JD Supra

Treasury and IRS Release Guidance on Prevailing Wage, Apprenticeship, and Beginning of Construction Requirements Under the Inflation Reduction Act

Today, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) published Notice 2022-61, providing guidance on the prevailing wage requirements under Section 45(b)(7)(A) and ...
JD Supra

Treasury Department and IRS Issue Proposed Regulations on the Prevailing Wage and Apprenticeship Requirements under the Inflation Reduction Act of 2022

The proposed regulations adopt the Department of Labor’s published rates for prevailing wages for the relevant type of construction in the geographic location of the project. The proposed regulations ...
Accounting Today

Inside the IRS's prevailing wage and apprenticeship guidance

Introduced in the Inflation Reduction Act of 2022, prevailing wage and apprenticeship provisions in certain tax incentives will allow taxpayers to receive increased benefit if they abide by labor ...
PV Tech

IRS issues wage, apprentice requirements for IRA incentives

Qualified apprentices will be required to cover 10% to 15% of the total labour hours depending on when the project started construction. Image: Lightsource bp. The Internal Revenue Service (IRS) has ...