E Point Perfect
Law \ Legal

Treasury Announces Initial Guidance on the Inflation Reduction Act’s Labor Requirements for Renewable Energy Tax Credits and Incentives


The U.S. Department of the Treasury announced initial wage and apprenticeship guidance under the Inflation Reduction Act of 2022 (IRA) that applies to taxpayers in order to increase available credit amounts for federal tax incentives, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC). The guidance relates to the prevailing wage and apprenticeship requirements, recordkeeping, and establishing the beginning of construction for federal income tax purposes.

Continue reading the full GT Alert.



Source link

Related posts

Consider $2M: The Cost of Long-Term Care For One Aging Parent

Ground Beef from HelloFresh linked to E. coli Outbreak

#WhyIAmASolo – Because I Don’t Need Batman. I AM Batman.

Guest Post: SolarWinds Agrees to $26 Million Payout Over Massive Data Breach

Florida State Parks – Old Florida Is Still Available.

Reasons a Candidate May Receive a NYPD Psychological Disqualification