HB 17-1136 Summary

• Changes language across multiple tax statutes from mandatory "shall" to discretionary "may" for electronic funds transfer requirements, making e-filing optional rather than compulsory for taxpayers.

• Standardizes terminology by replacing references to "electronic means" or "electronically" with consistent language requiring "electronic funds transfers" across withholding taxes, sales taxes, gasoline taxes, and marijuana taxes.

• Allows the executive director to promulgate rules for implementing electronic funds transfers and gives the department discretion to require electronic filing of tax returns for various taxpayer categories.

• Applies changes to eight different Colorado Revenue Statutes covering withholding taxes (C.R.S. 39-22-604), sales taxes (39-26-105.5), gasoline taxes (39-27-105.3), wholesale taxes (39-28-104), distributor taxes (39-28.5-106), and marijuana taxes (39-28.8-202 and 39-28.8-304).

• Declares the act necessary for immediate preservation of public peace, health, and safety and was signed by Governor John W. Hickenlooper.