Last week, the Department of Treasury and the IRS released final regulations on prevailing wage and apprenticeship requirements under the Inflation Reduction Act. They have also provided a summary and frequently asked questions to provide guidance for taxpayers. See here for more information: … [Read more...] about IRS Issues Final Guidance on Inflation Reduction Act
DOL Hosting Educational Webinar on Upcoming Changes to Requirements for Executive, Administrative, and Professional Employees
The final rule revising the minimum wage and overtime pay requirements for executive, administrative, and professional (EAP) employees will soon take effect on July 1, 2024. In prepraration for that, the Department of Labor will be hosting an online seminar on June 13, 2024, to provide an overview … [Read more...] about DOL Hosting Educational Webinar on Upcoming Changes to Requirements for Executive, Administrative, and Professional Employees
Department of Labor Issues New Prevailing Wage Resource Book
The U.S. Department of Labor issued an updated version of its Prevailing Wage Resource Book on April 1. The updated version includes changes to the Davis-Bacon regulations that came into effect last fall. See here for more information: … [Read more...] about Department of Labor Issues New Prevailing Wage Resource Book
Executive Order to Increase Use of Apprenticeships
President Biden is issuing an Executive Oder to expand registered apprenticeships in the federal workforce by encouraging agencies to provide preferences for hiring on projects. The goal is to expand training pathways to good-paying jobs. See here for more information: … [Read more...] about Executive Order to Increase Use of Apprenticeships
Lawsuit Filed to Strike Down New Prevailing Wages
A construction trade group filed a lawsuit earlier this week to strike down the DOL's new rule to boost wages for workers on federally funded infrastructure projects. They claim that the rule violates the Davis-Bacon Act by allowing wage rates to be set at a higher level than actual prevailing … [Read more...] about Lawsuit Filed to Strike Down New Prevailing Wages
Final Rule for Davis-Bacon Act Now In Effect
On October 23, 2023, the USDOL announced that the final rule modernizing the Davis-Bacon Act regulations have been officially implemented. The changes provide greater clarity for contractors and improves the department’s ability to administer and enforce the labor standards. See here for more … [Read more...] about Final Rule for Davis-Bacon Act Now In Effect