INC TX-PUBLIC WORKS PROJECTS
Amends the Illinois Income Tax Act. Provides that projects funded in whole or part with proceeds of certain transferable tax credits are considered public works within the meaning of the Prevailing Wage Act. Amends the Prevailing Wage Act. Provides that "public works" includes projects financed in whole or part with, among other things, funds received from the sale or transfer of tax credits awarded by the State, other than tax credits awarded under the Film Production Services Tax Credit Act of 2008 or the Live Theater Production Tax Credit Act. Effective immediately.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
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