1545-BQ62 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Apprenticeship Requirements

The final regulations provide guidance for taxpayers satisfying certain prevailing wage and apprenticeship (PWA) requirements under sections 45, 48, and 45Q of the Internal Revenue Code as amended by sections 13101(f), 13102(k), and 13104(d) respectively, of Pub. L. 117-169, 136 Stat. 1954, 1962 (August 16, 2022), commonly known as the Inflation Reduction Act of 2022 (IRA). The IRA also amended sections 30C, 45V, 45Y, 45Z, 48C, 48E, and 179D relating to increased credit or deduction amounts for satisfying certain PWA requirements.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Long-Term Actions No No Not Yet Determined 26 U.S.C. 7805 26 U.S.C. 45 26 U.S.C. 45Q 26 U.S.C. 48 Pub. L 117-169, sec. 13101, 13102, and 13104 No NPRM 08/30/2023 88 FR 60018 NPRM Comment Period End 10/30/2023 Final Action 12/00/2024 REG-100908-23 Drafting attorney: Alexander Scott (202) 317-6305 Reviewing attorney: Kevin Gillin (202) 317-5403 Treasury attorney (OTP): Kimberly Wojcik (202) 819-5365 CC:PSI Undetermined No Undetermined No Undetermined No No Alexander Scott Attorney 1545 Internal Revenue Service IRS 202 317-6853 alexander.t.scott@irscounsel.treas.gov 1111 Constitution Avenue NW, Room 5114, Washington DC 20224