SB1715 is a bill that proposes to increase the exemption limit for contractor licensure from $1,000 to $2,500 for the aggregate contract price, which includes labor and materials. This exemption is commonly referred to as the "handyman exemption." Additionally, the bill mandates that the Registrar of Contractors (ROC) adjust this exemption amount annually for inflation based on the GDP Price Deflator starting from January 1, 2024. The adjustments will be rounded to the nearest $50 increment.

The bill also includes technical and conforming changes to align with the proposed adjustments. The changes will affect various exemptions that currently have a $1,000 limit, including those for materialmen, manufacturers, retailers, and other individuals engaging in minor work or operations. The bill is set to become effective on the general effective date.

Statutes affected:
Senate Engrossed Version: 32-1121, 32-1123, 32-1158, 41-563, 33-1002, 32-101, 44-1522, 36-1624.01