AR HB2156

Increases the cost threshold for requiring a contractor's license in Arkansas from $20,000 to $50,000 across all applicable statutes in the Contractors Licensing Law.

Applies the new $50,000 threshold to the definition of "contractor" in § 17-25-101, which covers construction, demolition, alteration, and repair work on various structures.

Updates penalty provisions in § 17-25-103 to reflect the higher $50,000 cost threshold for work requiring licensure and proper classification.

Modifies requirements for building permits in § 17-25-301 so contractors must provide proof of licensure only when project costs reach $50,000 or more.

Adjusts financial statement and workers' compensation requirements for residential and home improvement contractors to only apply to projects costing $50,000 or more, reducing regulatory burden for smaller projects.