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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 780 - Contractor Withholding
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Author:
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Senator John C. Pederson
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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February 20, 2012
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Under current law, contractors are required to withhold two percent of payments to an individual (other than an employee) operating as a sole proprietorship who performs contract work for the contractor, if the total payments to the individual during the calendar year are more than $600.
Section 1 strikes language referencing the contractor withholding requirement repealed in section 2.
Section 2 repeals the withholding requirement.
NBP:dv
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Last review or update: 02/20/2012
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