The Treasury Department and the Internal Revenue Service (IRS) have published final regulations regarding the prevailing wage and registered apprenticeship (PWA) requirements that taxpayers must satisfy to receive five times the base tax credit or deduction amounts with respect to certain clean energy facilities, properties, projects, technologies, or equipment under the Internal Revenue Code (the Code), as amended by the Inflation Reduction Act of 2022 (IRA). The overview below seeks to explain the portions of this lengthy final rule that we felt would be of most interest to MCAA. There are aspects of the rule that are not addressed in this document, and the MCAA public policy team is happy to answer questions about aspects of these lengthy regulations not addressed in this overview.
Please reach out to MCAA’s public policy team if you have any questions.
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🚨 Join us for the NCPWB 2025 Technical Conference April 27-29 in Clearwater Beach, FL! Learn how good communication can improve welder continuity record keeping from Bob Derby of the United Association (UA).
👉 Register: https://mcaaevents.org/ncpwb-conference/
MCAA’s Field Leaders Conference is where field leaders realize their value.
Click the link to learn more about Mark Rogers's session, The Foreman’s Impact on Profitability, and about the May conference in Washington, DC.
https://ow.ly/K45850UOHK6
Electrocutions are one of the leading causes of death among the construction trades. MCAA's new Electrical Safety Video for the Mechanical Construction and Service Industry highlights how can you avoid becoming one of these statistics. Watch it today! >> https://ow.ly/3oSu50UOeJr
Looking for the latest from HGG Profiling Equipment, Inc. and Morris Group International? Find it in MCAA’s Virtual Trade Show! >> https://ow.ly/gLp250UOemn
