Quick Guide

FINAL REGULATIONS ON IRA PREVAILING WAGE & APPRENTICESHIP COMPLIANCE

Looking for a more digestible breakdown of the Final Rules regarding the Inflation Reduction Act (IRA) and its prevailing wage and apprenticeship (PWA) requirements? With the expertise of leading tax advisory firm, Baker Tilly, we present a quick guide that compares the proposed regulations with the final rules published by the IRS and US Department of Treasury (effective August 26, 2024) – critical information for any project owner seeking to capitalize on the IRA’s lucrative tax incentives.

Download this guide and get clarifications on:

Key differences between proposed and final PW&A regulations.
Updates to wage determinations, penalties, and recordkeeping requirements.
Apprenticeship ratios and good faith effort requirements.
Transition rules for projects beginning before and after June 25, 2024.

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California

How are wages/fringes met? As a �total package� or individually?

Individually. CA law does not allow for use of credits of Employer Payments to reduce hourly ST or OT wage obligation. Cal. Lab. Code �� 1771 and 1773.1; see WSB Elec., Inc. v. Curry, 88 F.3d 788 (9th Cir. 1996)

How often must employees be paid?

At least twice every calendar month, with some exceptions

At what point is overtime compensation required?

Depends on classification (minimum wage OT after 8, DT after 12), with 4 exceptions (listed in comments)

Disclaimer: The information on LCPtracker�s interactive prevailing wage state map is provided for general informational purposes only. While we strive to maintain accurate and up-to-date data, LCPtracker cannot assure the accuracy, reliability, or availability of the information, as these details are subject to updates. Overtime (OT) and double time (DT) requirements may be subject to additional rules in your state or vary based on contract funding. Users are encouraged to verify all information with the relevant government agencies before making decisions based on the provided data.