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Jillian Stengel
In National, News

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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Jillian Stengel
In National, News

98% of ABC Contractors Say Biden’s Inflation Reduction Act Labor Mandates Limit Competition on Clean Energy Construction

According to an October 2023 survey of ABC contractor members published today, 98% of respondents stated that controversial prevailing wage and government-registered apprenticeship policies imposed by the Inflation Reduction Act will make them less likely to bid on clean energy projects. The survey gauged ABC members’ responses to a proposed…
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Jillian Stengel
In National, News

Treasury’s Rule Implementing IRA Clean Energy Construction Tax Credits Needs Improvement

The U.S. Treasury Department’s Internal Revenue Service today released a proposed rule and FAQs on provisions of the ABC-opposed Inflation Reduction Act, which will affect the developers, contractors and workers that are building clean energy projects eligible for more than $270 billion in federal tax credits. The Treasury’s Notice of Proposed Rulemaking, Increased Credit…
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Jillian Stengel
In National, News

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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