HB 20-1022 Summary

• Extends the Sales and Use Tax Simplification Task Force repeal date from July 1, 2020 to July 1, 2026, allowing the task force to continue operations for six additional years.

• Expands the task force's duties to identify "feasible solutions" (practical, revenue-neutral approaches requiring no constitutional amendments or voter approval) for ten specific tax simplification areas including uniform retailer audits, single tax returns, streamlined licensing, and motor vehicle purchase processes.

• Requires the task force to meet at least eight times annually starting in 2021, with the first meeting no later than July 16, 2021, and to submit annual reports to the legislative council by November 1 of each year.

• Removes the requirement for the task force to undergo evaluation by the Department of Regulatory Agencies before repeal, eliminating the sunset review obligation.

• Establishes that task force leadership must alternate between the Senate and House of Representatives, with the chair and vice-chair positions rotating between chambers with each legislative session.