Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
Search Regulatory Updates
IRS Issues Notice of Proposed Rules on Wage, Apprenticeship Guidance for Clean Energy Tax Credits; Comments Due October 30
(Updated October 26, 2023)
- Affect taxpayers intending to satisfy the PWA requirements for increased Federal income tax credits or deductions
- Affect taxpayers intending to satisfy the prevailing wage requirements for increased Federal income tax credit amounts that do not have associated apprenticeship requirements;
- Affect taxpayers who initially fail to satisfy the PWA or prevailing wage requirements and subsequently comply with the correction and penalty procedures in order to be deemed to satisfy the PWA or prevailing wage requirements;
- Address specific PWA or prevailing wage recordkeeping and reporting requirements; and
- Affect taxpayers intending to claim increased credit or deduction amounts pursuant to the IRA, including those intending to make elective payment elections for available credit amounts, and those intending to transfer increased credit amounts.
Additional Information
News release
Frequently Asked Questions (FAQs)
Publication 5855