On May 12, the U.S. Department of the Treasury and Internal Revenue Service released additional guidance on the Inflation Reduction Act’s domestic content bonus tax credits, which are in effect for all taxable years ending after May 12, 2023. The guidance may be relied upon by taxpayers for all construction that begins prior to the effective date of forthcoming proposed regulations.
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Treasury Releases Guidance on IRA Domestic Content Requirements
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ABC Advocates for Solutions to Workforce Shortage at U.S. House Committee Roundtable
On July 26, ABC Senior Director of Legislative Affairs Peter Comstock participated in a roundtable hosted by the U.S. House of Representatives’ Education and the Workforce Committee Chairwoman Dr. Virginia Foxx, R-N.C. The roundtable focused on the reauthorization of...
ABC: Nonresidential Construction Spending Increases Slightly in June
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ABC: Construction Job Openings Decreased by 5,000 in June
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ABC Opposes DOL’s Final Revision to the Form LM-10 Employer Report
On July 28, the U.S. Department of Labor’s Office of Labor-Management Standards published its final revision to the Form LM-10 Employer Report, which adds a checkbox to the Form LM-10 report requiring certain reporting entities to indicate whether such entities were...
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