The Treasury Department on Tuesday announced final rules for prevailing wage and registered apprenticeships (PWA) under the Inflation Reduction Act (IRA), saying that qualifying employers in the renewable energy sector will be eligible for a fivefold increase in the available tax credit. Under the finalized rules, taxpayers will be eligible for the increased credit if they pay the prevailing wage, or the average wage in a given field within a given area. About three quarters of IRA renewable energy projects are sited in counties with median household incomes below the national average, according to a Treasury analysis. “This rule will ensure these tax breaks are providing real, tang
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