HB 18-1042 Summary

• Creates an expedited registration program beginning January 1, 2019, allowing private providers to register Class A commercial vehicles and collect related taxes and fees on behalf of the state.

• Requires private providers to obtain department approval, use department-approved software for tax and fee calculations, and maintain a financial commitment (savings account, deposit, certificate of deposit, or surety bond) to cover potential damages.

• Allows private providers to collect and retain a convenience fee for services and permits the department to accept financial assistance from private parties to implement the program, with funds transferred to the Colorado DRIVES vehicle services account.

• Requires the expedited registration program to operate efficiently, provide cost savings to the state, and maintain compliance with state law while collecting and remitting all applicable taxes and fees.

• Appropriates $25,471 for 0.6 FTE in personal services and $26,141 for operating expenses and information technology services to the Department of Revenue for fiscal year 2018-19, with a net reduction of 0.9 FTE in existing driver services positions.