The bill amends subsection 1 of section 43-07-10 of the North Dakota Century Code, which pertains to the reporting thresholds for contractors regarding their projects. The key change is the adjustment of the reporting threshold for projects, contracts, or subcontracts completed by a licensee in the preceding calendar year. Specifically, the threshold is updated from "twenty-five thousand" to "twenty-five thousand thousand" dollars, which clarifies the minimum amount that must be reported to the registrar for each project.

Additionally, the bill outlines the requirements for license renewal, which include submitting an application that lists all qualifying projects, providing a certificate of liability insurance, and certifying that all payroll taxes and insurance premiums are up to date. The registrar is responsible for forwarding the project list to the state tax commissioner within a reasonable timeframe. This amendment aims to streamline the reporting process for contractors while ensuring compliance with tax and insurance obligations.

Statutes affected:
INTRODUCED: 43-07-10
Enrollment: 43-07-10