This bill establishes a framework for providing monetary awards to whistleblowers who report violations of State tax laws by employers in the construction industry. The Director of the Division of Taxation is mandated to award individuals who provide credible information leading to administrative or judicial actions against such employers, with awards ranging from 15% to 30% of the proceeds collected from the action or settlement. However, if the action is primarily based on information from judicial or administrative hearings, governmental reports, or media sources, the award is capped at 10%. The director will assess the award amount based on the individual's contribution to the outcome of the action.

Additionally, the bill outlines specific conditions under which awards may be reduced or denied, particularly if the whistleblower was involved in planning the violation or if they are convicted of related criminal conduct. Certain individuals, such as those who obtained information through their official duties or who file claims based on information from ineligible sources, are excluded from receiving awards. The bill also stipulates that any complaints regarding awards must be filed within 30 days of their provision, reduction, or revocation, and it ensures protection against retaliation for employees who disclose violations under the Conscientious Employee Protection Act.