Article
What you need to know about the Build America, Buy America Act
Nov 14, 2024 · Authored by Anthony Ollmann, Rob Bellile
Enacted in 2021 as part of the Infrastructure Investment and Jobs Act (IIJA), the Build America, Buy America Act (BABAA) established a domestic content procurement preference requiring that all iron, steel, manufactured products and construction materials used in federally funded projects for infrastructure are produced in the U.S.
By prioritizing domestic production and procurement of products and components, the BABAA aims to create jobs, boost the economy, strengthen supply chains and empower businesses here in the U.S. However, like with many federally funded projects, demonstrating compliance is a key factor to a project’s success.
During this on-demand webinar, Baker Tilly presenters detail the intricacies of the BABAA as it relates to requirements and compliance. Viewers will also learn about:
- What is a qualifying project?
- Consequences for non-compliance
- What do manufacturers need to know?
- Documenting compliance
- Compliance risks
This on-demand webinar is intended for internal audit professionals, facility administrators, CFOs, COOs, directors of capital projects, project professionals and other professionals involved in manufacturing products, construction project management and facilities development.
For more information on this topic, or to learn how Baker Tilly Inflation Reduction Act tax credit specialists can help, contact our team.
Inflation Reduction Act Tax Credit Solutions
The Inflation Reduction Act (IRA) includes the largest clean energy incentive effort in U.S. history. Find out how your organization can leverage IRA tax credits to save as much as 50% or more on qualifying project costs.
Domestic content
While IRA credits are typically claimed by project owners — often utilities companies — the success of such project’s hinges on a diverse ecosystem of manufacturing and installation companies. Manufacturers must proactively consider the impact of their decisions throughout the value chain and strategically identify avenues to outpace competition.
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