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  • Client Alert

Recipients of funding under the stimulus bill may face increased reporting requirements and labor costs due to a little-known provision requiring all construction projects directly or indirectly funded by the legislation to comply with the Davis-Bacon Act. All $188 billion worth of construction projects funded in the American Recovery and Reinvestment Act must pay Davis-Bacon prevailing wage rates.

June 17, 2012

In an effort to promote voluntary compliance with the federal tax requirements applicable to issuers and conduit borrowers of tax-advantaged bonds, including both tax-exempt bonds and tax-credit bonds, the Internal Revenue Service (the “IRS”) has recently commenced several types of initiatives.

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