The bill amends subsection 1 of section 43-07-10 of the North Dakota Century Code, which pertains to the reporting thresholds for contractors on single projects. The key change involves the threshold amount for reporting projects, contracts, or subcontracts completed by a licensee during the preceding calendar year. The new threshold is set at twenty-five thousand thousand dollars, which indicates an increase in the reporting requirement for contractors. Additionally, the bill stipulates that to renew a contractor's license, the applicant must submit an application that includes a detailed list of projects exceeding the specified threshold, along with a certificate of liability insurance and a certification of compliance with payroll tax obligations. The registrar is responsible for forwarding this list to the state tax commissioner within a reasonable timeframe. This amendment aims to enhance transparency and accountability in contractor reporting practices in North Dakota.

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