For a copy of the agenda and the draft "model" notice and reporting statute, go to MTC Agenda and Draft.
As I discussed in earlier posts, the draft "model" statute appears to still be based on Colorado's enacted notice and reporting statute. The "model" statute contains notification requirements for each transaction and also annual notification requirements. On the positive side, it does contain an exclusion for companies with less than $100,000 in sales in the applicable state. On the negative side, it contains penalties for non-compliance.
There is currently an injunction against Colorado's notification requirements; and it is still to be debated or determined as to whether these requirements are constitutional. Yet, the MTC is still moving forward????