Minnesota Law Change

[Bees Knees]

For all you Minnesota tax folks:

http://www.revenue.state.mn.us/businesses/withholding/Pages/Whatsnewlawchange2percent.aspx

Law Change for Individual Construction Contractors - 2 Percent Withholding Repealed

After June 30, 2012, businesses are no longer required to withhold 2 percent from payments made to individual construction contractors. This withholding requirement was repealed under 2012 Minnesota Laws, Chapter 295, Article 2, Section 13 (c).

[Nashville]

Backpeddling

Depending on your point of view, this is very good or very bad for contractors from the permafrost state.

I had always felt like this was a harbinger of things to come for other states, so it is a step "backward" for MN whether good or bad.

You've got to wonder what kind of lobbying effort went on in the state legislature to get this reversed, and from whom...