CO HB1216

Creates the Sales and Use Tax Simplification Task Force to study options for simplifying Colorado's complex state and local sales and use tax systems, which lack uniformity due to home rule jurisdictions establishing their own independent tax systems.

Task force consists of 13 members including 2 House representatives, 2 Senate members, Department of Revenue representative, Colorado Municipal League representative, Colorado Counties representative, small business association member, chamber of commerce member, tax law practitioner, tax accounting professional, and one city/county official from each of four municipal population categories.

Requires task force to meet at least 8 times beginning no later than July 12, 2017, with meetings open to public and must submit reports to Legislative Council by November 1, 2017, and annually thereafter with potential legislative recommendations.

Task force shall study feasibility of third-party tax administration entities, uniform retailer audits, certified software utilization, and single sales and use tax returns for state and local jurisdictions.

Appropriates $26,374 for fiscal year 2017-18 to legislative department and sunsets the task force on July 1, 2020, with scheduled review per statutory procedures.