Amends the Illinois Income Tax Act and the Prevailing Wage Act. Provides that certain transferable tax credits are considered public works within the meaning of the Prevailing Wage Act. Effective immediately.
House Committee Amendment No. 1: Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Removes provisions from the introduced bill providing that projects funded in whole or in part by the proceeds of tax credits transferred pursuant to the Film Production Services Tax Credit Act of 2008 or the Live Theater Production Tax Credit Act are considered public works within the meaning of the Prevailing Wage Act. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 5/213, 35 ILCS 5/214, 35 ILCS 5/222, 35 ILCS 5/223, 35 ILCS 5/240, 820 ILCS 130/2