Treasury Plans Energy Credit Labor Requirement Guidance in 2022

The Treasury Department plans to release guidance this year on prevailing wage and apprenticeship requirements for clean-energy tax breaks, a department official said Friday.

“The prevailing wage and apprenticeship provisions are just about our top priority in terms of implementation,” Tom West, Treasury deputy assistant secretary for tax policy, said at a conference in Dallas hosted by the American Bar Association’s Tax Section.

• Under the new tax-and-climate law, taxpayers can qualify for larger credit amounts if they meet certain wage and apprenticeship requirements. The law treats projects as meeting the requirements if construction starts prior to the date that is ...