The U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) have issued proposed regulations interpreting the Inflation Reduction Act’s (IRA) prevailing wage and apprenticeship requirements (Labor...more
9/19/2023
/ Apprenticeships ,
Corrections ,
Department of Labor (DOL) ,
Hours of Service ,
Inflation Reduction Act (IRA) ,
IRS ,
Penalties ,
Prevailing Wages ,
Program Participation Agreements (PPAs) ,
Project Labor Agreements ,
Proposed Regulation ,
Recordkeeping Requirements ,
U.S. Treasury
On November 30, 2022, the Internal Revenue Service (IRS) published Notice 2022-61 (the Notice), providing initial guidance on the prevailing wage and apprenticeship requirements applicable to certain provisions of the...more
12/26/2022
/ Apprenticeships ,
Contractors ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Energy Projects ,
Fringe Benefits ,
Inflation Reduction Act (IRA) ,
IRS ,
New Guidance ,
Prevailing Wages ,
Tax Credits ,
Wage and Hour ,
Wages
As has been discussed in several posts here, on January 4, 2021, a conference committee of the Massachusetts House and Senate has issued a wide ranging “omnibus” energy bill “An Act creating a next-generation roadmap for...more
1/7/2021
/ Energy Sector ,
Energy Storage ,
Governor Baker ,
IRS ,
Legislative Agendas ,
Property Tax ,
Renewable Fuel ,
Solar Energy ,
State and Local Government ,
State Legislatures ,
Tax Exemptions ,
Wind Power
The Internal Revenue Service has issued a private letter ruling to an individual owner of solar panels installed in an offsite net-metered community-shared solar project confirming the individual’s eligibility for the income...more
The IRS has released new guidance (Notice 2013-70) (the “Guidance”) in the form of a Q-and-A interpreting tax credits available to individual taxpayers under IRC Section 25D (Residential Energy Efficient Property) (the “25D...more
On April 15, 2013, the Internal Revenue Service issued anticipated guidance defining the new “beginning construction” milestone for Production Tax Credit and Investment Tax Credit eligible energy facilities....more