Georgia election results
Democratic incumbent Sen. Raphael Warnock faced off against football legend Republican Herschel Walker in a Senate runoff election Dec. 6. Although the outcome of this race did not affect the overall control of the Senate, it was crucial regarding how the Senate will function during the next two years. Warnock beat Walker handily to retain his seat.
The results decided whether Vice President Harris would need to travel to Capitol Hill to break close votes on legislation and presidential nominees and decided the balance of committee membership. It is much easier to get bills out of a committee with a one-seat majority than it is with the same number of members voting to proceed to floor action.
Treasury Department announces guidance regarding labor provisions of clean energy and climate tax incentives
On Nov. 29, the Treasury Department announced initial guidance regarding the Inflation Reduction Act’s labor provisions that must be met to qualify for increased clean energy and climate tax incentives. This guidance begins a 60-day time period for these labor provisions to take effect under the statute. Previously, NRCA submitted comments to the Treasury Department regarding these provisions, asking for maximum flexibility for its members who want to use these credits.
To maximize many of the available clean energy and climate tax incentives, contractors must pay workers a “prevailing wage” and employ a certain number of apprentices from registered apprenticeship programs.
The prevailing wage and apprenticeship requirements apply to the Advanced Energy Project Credit, Energy Efficient Commercial Buildings Deduction, Renewable Energy Production Tax Credit and Renewable Energy Property Investment Tax Credit. The prevailing wage requirements also apply to the new Energy Efficient Home Credit.
Under the law, these prevailing wage and apprenticeship requirements apply to qualifying facilities, projects, property or equipment for which construction begins 60 days or more after the Treasury Department publishes guidance; the guidance will be published in the Federal Register Dec. 9, which means these requirements will apply to qualifying facilities, projects, property or equipment for which construction begins on or after Jan. 29, 2023.
Registration for Roofing Day in D.C. 2023 is open!
Each year, roofing professionals meet with members of Congress on Capitol Hill to discuss the critical issues facing their companies and the roofing industry. And you know what? We’re making a big difference. So far, we have increased funding for career and technical education, advanced legislation that addresses workforce development needs and secured a strong buildings component in bipartisan infrastructure legislation.
But our work is not done yet. We are just getting started. Join us for Roofing Day in D.C. April 18-19, 2023, and help us make it the biggest and best roofing industry advocacy event ever! After you sign up, click on the link to invite a friend from your confirmation email and you could win a $500 Amazon gift card!
Registration is only $95 for company representatives and $35 for field workers, students and spouses. Please visit www.nrca.net/roofingday to view testimonials from last year’s event and learn more. Sign up today!
