Page 132

136 STAT. 1948 PUBLIC LAW 117–169—AUG. 16, 2022 ‘‘(A) IN GENERAL.—In the case of any property which satisfies the requirements of subparagraph (B), paragraph (2) shall be applied by substituting ‘$2.50’ for ‘$0.50’, ‘$.10’ for ‘$.02’, and ‘$5.00’ for ‘$1.00’. ‘‘(B) PROPERTY REQUIREMENTS.—In the case of any energy efficient commercial building property, energy effi- cient building retrofit property, or property installed pursu- ant to a qualified retrofit plan, such property shall meet the requirements of this subparagraph if — ‘‘(i) installation of such property begins prior to the date that is 60 days after the Secretary publishes guidance with respect to the requirements of para- graphs (4)(A) and (5), or ‘‘(ii) installation of such property satisfies the requirements of paragraphs (4)(A) and (5). ‘‘(4) PREVAILING WAGE REQUIREMENTS.— ‘‘(A) IN GENERAL.—The requirements described in this subparagraph with respect to any property are that the taxpayer shall ensure that any laborers and mechanics employed by the taxpayer or any contractor or subcon- tractor in the installation of any property shall be paid wages at rates not less than the prevailing rates for construction, alteration, or repair of a similar character in the locality in which such property is located as most recently determined by the Secretary of Labor, in accord- ance with subchapter IV of chapter 31 of title 40, United States Code. ‘‘(B) CORRECTION AND PENALTY RELATED TO FAILURE TO SATISFY WAGE REQUIREMENTS.—Rules similar to the rules of section 45(b)(7)(B) shall apply. ‘‘(5) APPRENTICESHIP REQUIREMENTS.—Rules similar to the rules of section 45(b)(8) shall apply. ‘‘(6) REGULATIONS.—The Secretary shall issue such regula- tions or other guidance as the Secretary determines necessary to carry out the purposes of this subsection, including regula- tions or other guidance which provides for requirements for recordkeeping or information reporting for purposes of admin- istering the requirements of this subsection.’’. (2) MODIFICATION OF EFFICIENCY STANDARD.—Section 179D(c)(1)(D) is amended by striking ‘‘50 percent’’ and inserting ‘‘25 percent’’. (3) REFERENCE STANDARD.—Section 179D(c)(2) is amended by striking ‘‘the most recent’’ and inserting the following: ‘‘the more recent of— ‘‘(A) Standard 90.1-2007 published by the American Society of Heating, Refrigerating, and Air Conditioning Engineers and the Illuminating Engineering Society of North America, or ‘‘(B) the most recent’’. (4) FINAL DETERMINATION; EXTENSION OF PERIOD; PLACED IN SERVICE DEADLINE.—Subparagraph (B) of section 179D(c)(2), as amended by paragraph (3), is amended— (A) by inserting ‘‘for which the Department of Energy has issued a final determination and’’ before ‘‘which has been affirmed’’, (B) by striking ‘‘2 years’’ and inserting ‘‘4 years’’, and 26 USC 179D. Guidelines. Determination. Requirements. Records. Applicability. Applicability. Determination. Time period. Publication. Guidelines. Applicability. VerDate Sep 11 2014 13:57 Oct 25, 2022 Jkt 029139 PO 00169 Frm 00132 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL169.117 PUBL169 jmbennett on LAP3P8D0R2PROD with Publaw