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 amount for projects, contracts, or subcontracts completed by a licensee in the preceding calendar year from twenty-five thousand dollars to twenty-five thousand thousand dollars. This means that contractors will now need to report any project exceeding this new threshold amount when applying for their license renewal. Additionally, the bill outlines the requirements for obtaining a certificate for the current contractor year, which includes submitting a list of completed projects over the specified amount, providing a certificate of liability insurance, and certifying that all payroll taxes and insurance premiums have been submitted. The registrar is responsible for forwarding this list to the state tax commissioner within a reasonable timeframe. Overall, the bill aims to enhance the reporting process for contractors and ensure compliance with tax and insurance obligations.

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