Under the Inflation Reduction Act, employers claiming the available tax credits must pay Davis-Bacon prevailing wages, and meet certain apprenticeship requirements, to claim enhanced tax credits. As eligible projects take...more
9/5/2023
/ Apprenticeships ,
Construction Project ,
Construction Workers ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Federal Contractors ,
Inflation Reduction Act (IRA) ,
IRS ,
Prevailing Wages ,
Tax Credits ,
Wage and Hour
On August 8, 2023, the U.S. Department of Labor (DOL) announced its final rule related to the Davis-Bacon Act (the “Act”), entitled “Updating the Davis-Bacon and Related Acts Regulations.” However, the official final rule...more