This bill amends the Tax Reform Code of 1971 by adding a new article, ARTICLE XVII-A.2, which establishes prevailing wage and apprenticeship requirements for business entities making capital investments exceeding $25,000 in construction-related activities. The bill defines key terms such as "apprenticeship program," "business entity," "capital investment," and "skilled craft laborer," and outlines the obligations of business entities to ensure that at least 70% of their construction workforce consists of skilled craft laborers who are compensated at prevailing wage rates as determined by the Department of Labor and Industry.

Additionally, the bill grants the Department of Labor and Industry the authority to enforce these requirements and stipulates that any business entity found to have intentionally failed to comply with the prevailing wage laws may be required to refund the full amount of any tax incentives received during the period of noncompliance. The bill also includes provisions for appeals related to violations. This legislation aims to ensure fair wages and promote apprenticeship programs in the construction industry while providing a framework for enforcement and compliance. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 886 (Jun 03, 2025): P.L.6, No.2