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On November 30, 2022, the IRS and the Treasury Department published Notice 2022-61 (the Notice) in the Federal Register. The Notice provides guidance regarding the prevailing wage...
Inflation Reduction Act of 2022 IRA under IRS and Treasury Depart Notice 2022-61 for Apprenticeship Requirements, Prevailing Wage Requirements, Labor Requirements which a taxpayer must satisfy to be eligible for increased amounts of the following clean energy tax credits
The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain tax credit and deduction provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). One...
Today, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) published Notice 2022-61, providing guidance on the prevailing wage requirements under Section...