The Department of Energy announces intent to release $4 billion in a first round of tax credits for projects that expand U.S. supply chains for clean energy technologies and reduce greenhouse gas emissions at industrial facilities. The program will provide an investment tax credit of up to 30% of … [Read more...] about DOE to Release $4 billion in Tax Credits for Clean Technology
IRS Publishes Guidance on the Prevailing Wage and Apprenticeship Requirements
The IRS just issued guidance on how taxpayers can satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act. See here for more information: … [Read more...] about IRS Publishes Guidance on the Prevailing Wage and Apprenticeship Requirements
Senate Reaches Agreement on Inflation Reduction Act of 2022
Last week, the Senate released a draft of the Inflation Reduction Act of 2022. Among other things, the Act, if passed, would renew the full 30% credit rate for ITC-eligible facilities that meet the prevailing wage and apprenticeship requirements described below, or are otherwise exempt from such … [Read more...] about Senate Reaches Agreement on Inflation Reduction Act of 2022
New Labor Rules Coming This Fall
In President Biden's latest regulatory agenda, we saw that a proposed update to overtime regulations will be released in the fall, a final rule on how the DOL will calculate prevailing wages will be out by December, and steps will be taken to implement the President's executive order on project … [Read more...] about New Labor Rules Coming This Fall
HUD Launches “Our Way Home”
HUD just launched a national initiative called "Our Way Home" to increase the affordable housing supply in local communities across the country. See here for more information: https://www.hud.gov/press/press_releases_media_advisories/hud_no_22_105 … [Read more...] about HUD Launches “Our Way Home”
Federal Legislation Introduced to Help Airport Workers
Senator Edward J. Markey (D-Mass.) and Congressman Jesús G. “Chuy” García introduced the Good Jobs for Good Airports Act, which would improve the pay, benefits, and labor standards for airport workers. For example, it would require airports to ensure that service workers employed by vendors … [Read more...] about Federal Legislation Introduced to Help Airport Workers