The U.S. Department of the Treasury announced initial wage and apprenticeship guidance under the Inflation Reduction Act of 2022 (IRA) that applies to taxpayers in order to increase available credit amounts for federal tax incentives, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC). The guidance relates to the prevailing wage and apprenticeship requirements, recordkeeping, and establishing the beginning of construction for federal income tax purposes.

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