On Oct. 5, 2022, the U.S. Department of Treasury and Internal Revenue Service issued a request for comments regarding implementation of the Inflation Reduction Act, notably on Davis-Bacon and apprenticeship requirements. The legislation, opposed by ABC, was signed into law on Aug. 16, 2022, and provides over $369 billion in tax credits for the construction of solar, wind, hydrogen, carbon sequestration, electric vehicle charging stations and other clean energy projects.
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Survey Closes Oct. 31: Treasury and IRS Request Comments on IRA Davis-Bacon and Apprenticeship Requirements
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Nonresidential Construction Employment Increases in May Despite Signs of Weakness in Economy, Says ABC
WASHINGTON, June 2—The construction industry added 25,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by...
Nonresidential Construction Spending Increases in April Despite Recession Fears, Says ABC
WASHINGTON, June 1—National nonresidential construction spending expanded 1.9% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending...
ABC Urges DOL To Abandon Overtime Proposed Rulemaking
On May 25, ABC joined the Partnership to Protect Workplace Opportunity in sending a letter to the U.S. Department of Labor’s Wage and Hour Division, urging Acting Secretary Julie Su to abandon or at least postpone issuance of its anticipated proposed rulemaking that...
Construction Job Openings Increase By 68,000 in April, Says ABC
WASHINGTON, May 31—The construction industry had 383,000 job openings in April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any...
ABC Supports Bipartisan Bill To Avoid Default, Limit Government Spending and Reform the Permitting Process
WASHINGTON, May 30—ABC issued the following statement today in support of the recently announced bipartisan Fiscal Responsibility Act of 2023.