The Inflation Reduction Act of 2022 (IRA) amended and enacted various clean energy tax incentives that provide increased credit or deduction amounts if certain prevailing wage and registered apprenticeship requirements are met. These frequently asked questions and answers are based on the final regulations.
The Inflation Reduction Act of 2022 (IRA) amended and enacted various clean energy tax incentives that provide increased credit or deduction amounts if certain prevailing wage and registered apprenticeship requirements are met. These frequently asked questions and answers are based on the final regulations.
The Inflation Reduction Act’s Apprenticeship Requirements mandate that a certain percentage of labor hours on qualifying projects be performed by registered apprentices, promoting workforce development and providing valuable training opportunities in the clean energy sector.
The Inflation Reduction Act’s Penalty and Cure Provisions, along with recordkeeping requirements, outline the consequences for non-compliance with wage and apprenticeship standards, while providing pathways to rectify violations and ensuring thorough documentation for accountability.
The Inflation Reduction Act’s Compliance Practices emphasize the importance of adhering to established labor and wage standards, while providing clear guidelines for reporting suspected violations to ensure transparency and accountability in the implementation of clean energy projects.
The Inflation Reduction Act’s Apprenticeship Requirements mandate that a certain percentage of labor hours on qualifying projects be performed by registered apprentices, promoting workforce development and providing valuable training opportunities in the clean energy sector.
The Inflation Reduction Act’s Penalty and Cure Provisions, along with recordkeeping requirements, outline the consequences for non-compliance with wage and apprenticeship standards, while providing pathways to rectify violations and ensuring thorough documentation for accountability.
The Inflation Reduction Act’s Compliance Practices emphasize the importance of adhering to established labor and wage standards, while providing clear guidelines for reporting suspected violations to ensure transparency and accountability in the implementation of clean energy projects.
