Fed. Inflation Law Sows ‘Great Uncertainty’ 1 Year Later

Wednesday, August 16, 2023

Lawrence Prosen was quoted in a Law360 article discussing the confusion and outstanding questions about the interplay between the Davis Bacon Act and the Inflation Reduction Act (IRA). A difference is that Davis-Bacon requires prevailing wages for federally funded construction projects, whereas the inflation law requires them only if someone wants to take the tax credit, explains Larry. “What the IRA says is, you don’t have to take advantage of the tax benefits, but if you want to take advantage of the tax benefits at your election, you have to comply with the Davis-Bacon prevailing wages. But it’s an election.”

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