November 29, 2022 – USDOL
On August 16, 2022, President Biden signed Public Law 117-369, 136 Stat. 1818, also known as the Inflation Reduction Act of 2022, into law. The Inflation Reduction Act is by far our nation’s largest investment in clean energy to date. By pairing climate investment with the creation of good-paying jobs, the Inflation Reduction Act’s unparalleled investments to fight the climate crisis will help improve job quality in clean energy industries and incentivize the expansion of workforce training pathways into these jobs.
Critical to providing good paying jobs, the Inflation Reduction Act offers enhanced tax benefits for a range of clean energy projects when taxpayers pay Davis-Bacon Act prevailing wages and utilize registered apprentices, in accordance with the Inflation Reduction Act.
On November 30, 2022, the U.S. Department of Treasury and the Internal Revenue Service will publish guidance on the Inflation Reduction Act’s prevailing wage and apprenticeship requirements. The publication of this guidance means that in order to receive increased incentives, taxpayers must meet the prevailing wage and apprenticeship requirements for facilities where construction begins on or after January 29, 2023.
The U.S. Department of Labor invites you to register for one of two educational webinars on the labor standards provisions contained in the Inflation Reduction Act and Treasury Guidance. The webinars are being offered at the following times:
Register Now: Wednesday, Dec. 14 from 1–2:30 p.m. EST
Register Now: Thursday, Dec. 15 from 1–2:30 p.m. EST
If you require an accommodation or language interpretation to attend this listening session, please email whd-events@dol.gov at least five (5) business days prior to the event so we can make arrangements.
Please direct any questions to WHD-Events@dol.gov.