IRS offers guidance on wage and apprenticeship rules for green tax credits

IRS offers guidance on wage and apprenticeship rules for green tax credits
Solar power plant by Zbynek Burival is licensed under Unsplash unsplash.com
The Internal Revenue Service and the Treasury Department issued a notice explaining how businesses such as builders, developers and owners of clean energy facilities can satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act.  
 

Notice 2022-61 describes how taxpayers can be eligible for the increased tax credits or deduction amounts under the new law by satisfying the wage and apprenticeship requirements.

The notice offers guidance on what counts as a prevailing wage and the determination of qualified apprenticeships with some accompanying examples.

Solar power plant by Zbynek Burival is licensed under Unsplash unsplash.com

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