Much debated and highly anticipated, the Build Back Better Act—the BBB Act—has hit a snag. Yet many in Washington remain optimistic that its package of green energy provisions and incentives will become law this year. If that happens, tax departments will need to develop expertise in not only the mechanics of the tax credits, but also in the labor and employment and Buy America requirements that these credits would introduce into the tax system. Although these requirements are new to the world of federal tax credits, they are familiar to lawyers who have expertise in government contracting and grant funding, as well as labor and employment law.
The purpose of this three-part series of articles is to shed light on the proposed prevailing wage and apprenticeship requirements, Buy America requirements, and direct pay election included in the BBB Act’s proposed green energy tax credits. This article addresses the first topic: the prevailing wage and apprenticeship requirements. The next article will address the proposed Buy America requirements, and the third will discuss proposed requirements for making the direct pay election.
The BBB Act’s package of green energy provisions would extend and expand several familiar credits, like...
A Sheffield councillor who came under fire for allegedly sharing a video promoting stem cell treatment for autism says the claims are "false". It is understood that Mustafa Ahmed, Green Councillor...