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CO SB238
Bill
AI Summary
- Changes notification method for out-of-state retailers that do not collect Colorado sales tax from first-class mail to email sent to the address used to complete the purchase
- Removes requirement that retailers file annual statements to the Department of Revenue showing total Colorado purchase amounts for each purchaser
- Eliminates the $10 penalty per purchaser for failure to file annual statements with the department
- Creates "Know What You Owe" educational campaign on the Department of Revenue website through July 2021 to inform taxpayers of their obligation to pay sales tax on internet and catalog purchases, written at a 4th grade reading level
- Requires the Department to add a dedicated "Know What You Owe" section to Colorado income tax filing guide booklets beginning in 2018, including special district rates and boundaries information
- Reduces Department of Revenue appropriation by $20,387 and decreases staffing by 0.5 FTE for the 2017-18 fiscal year
Legislative Description
Notifications Regarding Online Purchases
Fiscal Policy & Taxes
Last Action
House Committee on Finance Postpone Indefinitely
5/1/2017
Committee Referrals
Finance4/24/2017
Committee of the Whole4/11/2017
Appropriations4/4/2017
Finance3/16/2017
Full Bill Text
No bill text available