HF1294, sponsored by Rep. Bob Loonan (R-Shakopee), would add additional regulations to the relationship between a sales representative and a company – building on a law that passed two years ago. The House passed the bill 129-0, sending it to the Senate, where Sen. Eric Pratt (R-Prior Lake) is the sponsor.
The bill would add “retail” to the definition of a commission sales employee and adds “material, component, or part orders” for resale into the state’s definition of wholesale orders.
The bill “says that if the sales rep lives in Minnesota, [businesses based elsewhere] will follow Minnesota law,” Loonan said.
The latest numbers are a $517 million swing from the November forecast
The state’s latest economic forecast projects a budget deficit of $188 million for the current two-year biennium, and a $586 million deficit for the 2020-21 biennium
The budget process explained — and why it matters