HCR15-1004 Summary

• Submits constitutional amendment to Colorado voters on November 8, 2016 to establish statewide uniform sales and use tax definitions and create a commission to certify and provide guidance on those definitions.

• Creates a 7-member Colorado Commission on Uniform Sales and Use Tax Definitions in the Department of Revenue, with members appointed by the governor with senate consent and requiring professional experience in sales and use tax.

• Commission must certify comprehensive statewide uniform sales and use tax definitions by January 1, 2018, based primarily on the Streamlined Sales and Use Tax Agreement, and serve as the sole source of official guidance on those definitions through interpretive opinions and rules.

• Requires the state and all local taxing jurisdictions to adopt certified definitions without modification and align their sales and use tax bases to the definitions within 24 months (or 12 months for newer definitions), while endeavoring to maintain revenue neutrality.

• Allows state and local jurisdictions to increase tax rates without voter approval to ensure revenue neutrality based on revenue projections from applying the certified definitions.