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Among other things, the proposed regulations would: Below is a more detailed summary of the key provisions in the proposed regulations as well as our initial observations. The IRS will...
WASHINGTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Associated Builders and Contractors submitted comments to the U.S. Treasury Department’s Internal Revenue...
On August 29, 2023, the IRS and Treasury Department released proposed regulations (the Proposed Regulations) regarding the prevailing wage requirements (the Prevailing Wage...
Washington, Aug. 29—The U.S. Treasury Department’s Internal Revenue Service today released a proposed rule and FAQs on provisions of the ABC-opposed Inflation Reduction Act, which will affect the developers, contractors and workers that are building clean energy projects eligible for more than $270 billion in federal tax credits. The Treasury’s Notice of Proposed Rulemaking, Increased Credit or Deduction Amounts
On August 12, 2022, the House of Representatives passed the Inflation Reduction Act of 2022 (the “Act”), which the Senate passed on August 7, 2022. President Biden has indicated that...