Committee advances bill to raise contractor reporting threshold to $50,000

Summary

The Industry, Business and Labor Committee voted to give Senate Bill 2163 a favorable recommendation. The bill would raise the dollar threshold contractors must report on their annual renewal from $25,000 to $50,000; Secretary of State staff supported the change, saying the current threshold has not kept pace with costs.

Senate Bill 2163, which would raise the dollar threshold for contractor work that must be listed on annual contractor license renewals from $25,000 to $50,000, received a favorable recommendation from the Industry, Business and Labor Committee on a voice/roll-call vote Wednesday.

The bill was introduced in committee by Senator Greg Kessel, R-District 39 of Bellfield. "Contractors are required to obtain a contractor certificate each year, and at that time list all the projects, contracts and subcontracts completed within the preceding years that were above $25,000 under current law," Kessel said. He told the committee that the Secretary of State's office had asked for the change because "$25,000 doesn't get you much of a remodeling project" and the threshold has not been updated in…

Committee advances bill to raise contractor reporting threshold to $50,000

Summary

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