Implements recommendations of the joint legislative task force on the underground economy. Allows a fine imposed against a contractor who fails to register, to be reduced if the contractor registers for a department approved training course within 10 days of being notified about the infraction. The act also requires monetary penalties collected from contractor violations to be deposited into a newly created contractor registration account. (See also SB 6575).   Official Text and Analysis.

Adds provisions creating a class C felony for unregistered contractor activity after a contractor has received a third final infraction for unregistered contractor activity. It also adds a contractor violation for work on a task performed together by contractors when at least one contractor has no covered workers.