On June 18, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued final regulations (T.D. 9998) (the “Final Regulations”) regarding compliance with the prevailing wage...more
7/16/2024
/ Apprenticeships ,
Construction Industry ,
Contractors ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Energy Projects ,
Federal Contractors ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Penalties ,
Prevailing Wages ,
Recordkeeping Requirements ,
Reporting Requirements ,
Tax Credits ,
U.S. Treasury
On August 29, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed Regulations”) providing proposed rules governing the prevailing wage and...more
9/6/2023
/ Apprenticeships ,
Davis-Bacon Act ,
Energy Projects ,
Energy Sector ,
Federal Contractors ,
Good Faith ,
Inflation Reduction Act (IRA) ,
IRS ,
Labor Regulations ,
Prevailing Wages ,
Proposed Regulation ,
Recordkeeping Requirements ,
SAM ,
Tax Credits ,
U.S. Treasury ,
Wage Determinations (WDs)
In a surprising release, on November 29, 2022, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued Notice 2022-61 (the “Notice”) providing initial guidance on the prevailing...more
Attorneys from our Employment, Labor and OSHA (ELO) and Tax Groups will discuss the prevailing wage and apprenticeship requirements in the Inflation Reduction Act. Topics will include the requirements necessary to obtain tax...more