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inflation

IRS Must Provide Clarity, Withdraw Anti-Competitive Labor Policies from Inflation Reduction Act’s Clean Energy Construction Tax Credit Rules

Associated Builders and Contractors submitted comments to the U.S. Treasury Department’s Internal Revenue Service in response to a proposed rule implementing controversial labor policies through changes to the federal tax code by the ABC-opposed Inflation Reduction Act. ABC called on the IRS to provide further clarity and withdraw anti-competitive aspects of the…

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Inflation Reduction Act Tax Policies Undermine Taxpayer Investments in Clean Energy Construction Projects

WASHINGTON, Nov. 7—Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements. “The IRA’s unprecedented…

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