Tribal Consultation for the Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements under the Inflation Reduction Act of 2022

The U.S. Department of the Treasury has issued a Dear Tribal Leader Letter announcing a Tribal consultation on a Notice of Proposed Rulemaking (NPRM) for the Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements under the Inflation Reduction Act (IRA). The proposed regulations are on certain prevailing wage and registered apprenticeship requirements under Section 45 of the Internal Revenue Code (IRC) applicable to the renewable electricity production tax credit under Section 45, as well as other clean energy tax incentives under the IRC as amended or added by the IRA.