AGC of America is offering a two-part webinar series on the Inflation Reduction Act (IRA). The first session, held on September 26, covered the latest developments under IRA. The second session, scheduled for October 3, will focus on complying with IRA’s prevailing wage and apprenticeship requirements in light of the new Treasury Guidance. Registration is by series, but all registrants will receive access to the recordings of the sessions, allowing those who miss a live session to watch the playback.
For more information, see below. To register, click here.
Webinar One: One Year Later: The Latest Developments with the Inflation Reduction Act
Tuesday, September 26, 2023 | 2:00 PM – 3:00 PM EDT | REGISTER NOW
President Biden signed into law the Inflation Reduction (IRA) on August 16, 2022, providing over $300 billion in new and modified tax incentives to spur clean energy and energy efficiency investments in the United States. In order to maximize these incentives, projects owners have to contend with a slew of novel requirements, such as ensuring that work performed on the project meet prevailing wages and apprenticeship standards, and certifying that construction materials meet domestic content requirements.
One year later, the Biden Administration has made significant progress implementing this law. This webinar will provide timely updates on the IRA, from regulatory rulemaking from the Treasury Department, to practical considerations for contractors to maintain eligibility for the full tax credits. It will also include a special emphasis on new regulations for "Direct Pay" and domestic content requirements.
Webinar Two: The Inflation Reduction Act: Complying with Prevailing Wage and Apprenticeship Requirements
Tuesday, October 3, 2023 | 2:00 PM – 3:00 PM EDT | REGISTER NOW
Tax incentives from the Inflation Reduction Act (IRA) for clean energy and energy efficiency projects have a bonus 5x multiplier when prevailing wage and qualified apprenticeship requirements are met. Federal contractors are accustomed to complying with Davis-Bacon requirements for prevailing wages, but for the first time ever, these are being extended to privately financed construction projects. In light of new guidance from the U.S. Treasury Department, this webinar will review the compliance requirements that contractors must meet, best practices, and recordkeeping recommendations.