CO SB006

Office of Information Technology shall conduct a procurement sourcing method to develop an electronic sales and use tax simplification system for state and local tax returns and payment processing.

Department of Revenue must accept returns and payments through the system for state sales and use taxes and for taxes collected on behalf of local taxing jurisdictions once the system is operational.

At least three home-rule charter municipalities shall voluntarily use the system, with an intent that all home-rule charter governments voluntarily use it within three years of the effective date.

$9,183,000 is appropriated to the Office of Governor for the Office of Information Technology for 2019-20 fiscal year initial funding, with $8,750,000 appropriated for 2020-21 for ongoing maintenance; contracts must provide quarterly vendor payments.

System funding and ongoing maintenance costs shall be paid from additional sales tax revenues received by the state resulting from the South Dakota v. Wayfair Supreme Court decision allowing states to require out-of-state retailers to collect sales tax.