CO HB1288

Department of Revenue shall develop recommendations for establishing a revenue-neutral uniform sales and use tax base applicable statewide, consulting with Colorado Municipal League and Colorado Counties, Incorporated representatives who have experience in sales tax policy.

Recommendations must include a uniform definition of tangible personal property, a uniform list of tax-exempt items, uniform definitions of those exemptions, and rate changes (including zero percent rates) needed to achieve revenue neutrality for the state and local taxing jurisdictions.

Department shall submit recommendations in a report to the General Assembly no later than December 31, 2013, and make the report publicly available on its website.

Members of the General Assembly are encouraged to consider the recommendations and introduce legislation, if appropriate, during the second regular session of the 69th General Assembly to establish the uniform statewide sales and use tax base.

$80,089 is appropriated from the general fund for the Department of Revenue for fiscal year beginning July 1, 2013, for personal services and computer programming expenses related to implementing this act.