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Key Inflation Reduction Act Provisions That Impact Manufacturing

IRA expands eligibility for the tax credits provided under Section 48C to cover industrial or manufacturing facilities that produce or recycle various renewable energy. IRA also creates a new tax credit for eligible components of renewable energy production equipment ....

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How Manufacturers Can Take Advantage of the Inflation Reduction Act | Womble Bond Dickinson

The Inflation Reduction Act (the “IRA”) is a wide-ranging bill that includes, among other things, significant investments and reforms by the federal government in a variety of different. ....

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Update on Prevailing Wage and Apprenticeship Requirements Under IRA

The IRS and the Treasury issued a Notice of Initial Guidance, which provides guidance about the prevailing wage requirements and apprenticeship requirements introduced in the Inflation Reduction Act. The Notice indicates that Treasury anticipates issuing proposed regulations. ....

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"Help Me Get My Feet Back on the Ground": IRS and Treasury Issue Initial Guidance on Prevailing Wage and Apprenticeship Requirements Under IRA | ArentFox Schiff

On November 29, 2022, the Internal Revenue Service (IRS) and the Treasury issued a Notice of Initial Guidance (the Notice), which provides the first round of guidance with respect to. ....

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