IRS Final Regs on Prevailing Wages and Registered Apprenticeship Requirements: Key Provisions and Pitfalls to Avoid
This program is cancelled
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE webinar will provide tax professionals a detailed analysis of recently issued IRS final regulations for prevailing wage, apprenticeship, and beginning of construction requirements under the Inflation Reduction Act (IRA). The panel will discuss key provisions of the final regulations; rules and requirements for qualifying for enhanced credit amounts for the production tax credit (PTC), investment tax credit (ITC), and carbon capture and sequestration credit under the IRA; and other key issues and next steps for impacted taxpayers.
Outline
- Key provisions of IRS final regulations
- ITC, PTC, and carbon capture credit modifications
- Prevailing wage
- Apprenticeship
- Beginning of construction
- Key considerations and next steps
Benefits
The panel will discuss these and other key issues:
- Extension and modifications to ITC, PTC, and tax credits under the IRA
- Prevailing wage requirements under Section 45(b)(7)(A)
- Apprenticeship requirements under Section 45(b)(8)
- Guidance for beginning of construction requirements
- Key considerations and next steps for renewable energy developers, producers, and investors
Faculty
Adam M. Cohen
Partner
Holland & Hart
Mr. Cohen is a trusted advisor to institutional investors, fund managers, and companies in fund formation, real estate,... | Read More
Mr. Cohen is a trusted advisor to institutional investors, fund managers, and companies in fund formation, real estate, energy, and transactions. He is a vital leader in fund formation, corporate, merger and acquisition, master limited partnership, and real estate deal teams, working closely with other lawyers in the firm to achieve clients’ transactional goals. Institutional investors seek Mr. Cohen's counsel when investing in funds focused on various sectors of the economy, including hedge funds, venture capital funds, oil and gas funds, and real estate funds and assists fund managers in establishing funds in these sectors. He is a former contributing editor for the "Shop Talk" column of Journal of Taxation and he co-chairs the firm’s Fund Formation practice.
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Wolfram Pohl
Partner
Orrick, Herrington & Sutcliffe
Mr. Pohl, a tax partner in the San Francisco office, focuses on the tax aspects of project finance and corporate... | Read More
Mr. Pohl, a tax partner in the San Francisco office, focuses on the tax aspects of project finance and corporate transactions, with an emphasis on renewable energy and infrastructure projects. He represents many of the country’s most prominent developers and financing parties in structuring transactions to take advantage of tax credits, Treasury cash grants, depreciation benefits, and other available tax benefits. Mr. Pohl has represented developers and tax equity investors in financings of both wind and solar projects, as well as on tax planning for energy storage, carbon capture, and carbon sequestration projects. He also advises sponsors on public-private partnership arrangements for large infrastructure projects, as well as on tax-exempt bond financings for multifamily housing projects. Mr. Pohl has advised on a variety of other tax issues, including equity and debt financings, mergers and acquisitions, public offerings, and real estate transactions.
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Jenny Speck
Partner
Bracewell
Ms. Speck advises clients on the qualification for and the monetization of energy transition tax incentives. She... | Read More
Ms. Speck advises clients on the qualification for and the monetization of energy transition tax incentives. She has worked on a range of energy transition projects, including onshore and offshore wind, solar, combined heat and power, biogas property, carbon capture, hydrogen and clean fuel credit projects. Ms. Speck has firsthand knowledge of the carbon capture industry, having served as the senior manager of tax and regulatory compliance at Navigator CO2 Ventures LLC from April 2022 through October 2023. At Navigator, she led all aspects of tax qualification, utilization and reporting compliance for federal income energy tax credits, and served as Navigator’s sole liaison with the US Department of Energy. Ms. Speck also provides tax advice on traditional purchase agreements, including the sale and purchase of tax credits, joint ventures, financings and other general transactional work.
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