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Update to Guidance on Inflation Reduction Act of 2022 – Prevailing Wage and Apprenticeship Training Requirements – With Guidance from Notice 2022-61 : Biofuels Digest

Update to Guidance on Inflation Reduction Act of 2022 – Prevailing Wage and Apprenticeship Training Requirements – With Guidance from Notice 2022-61 : Biofuels Digest
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United statesJohn kirkwoodJason deppenRevenue serviceDepartment of labor apprenticeship programC qualifying advanced energy project creditDepartment of laborApprenticeship programHour divisionV credit for production of clean hydrogenEnergy creditVirginia speckPresident bidenInflation reduction actInternal revenue servicePrevailing wage

IRS And Treasury Department Release Initial Guidance For Labor Requirements Under Inflation Reduction Act - Employee Benefits & Compensation

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.

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IRS Issues Prevailing Wage and Apprenticeship Guidance — Starts 60-Day Clock | McGuireWoods LLP

The Inflation Reduction Act of 2022 (IRA) created many new and revised tax incentives to develop clean energy projects. Among many of these incentives, Congress included a requirement.

Clean hydrogen production creditEnergy efficient homes creditEnergy efficient commercial buildings deductionNuclear power production creditDepartment of laborInflation reduction actClean hydrogen productionProduction taxClean fuel productionNew energy efficient homesInvestment taxTax creditAdvanced manufacturing taxNuclear power productionEfficient commercial buildingsFirst gate

IRS Notice Provides Relief for Renewable Energy Construction Projects | Gould & Ratner LLP

IRS Notice Provides Relief for Renewable Energy Construction Projects | Gould & Ratner LLP
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Energy facilityEnergy facilitiesGould ratnerEnergy facility continuous efforts testPresident bidenInternal revenue codeTaxpayer certaintyDisaster tax relief actConsolidated appropriations actPhysical work testFive percent safeFive percent safe harborContinuity requirementSafe harborContinuous construction testContinuous efforts test

IRS Extends Continuity Safe Harbor For ITC And PTC Projects - Energy and Natural Resources

IRS Extends Continuity Safe Harbor For ITC And PTC Projects - Energy and Natural Resources
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