CO SB065

Allows the executive director to disclose detailed assessment information, including reports from gasoline and special fuels distributors, to taxpayers with common or related tax issues when the distributor fails to file required statements, pay taxes, or files incorrect or fraudulent returns.

Recipients of taxpayer information disclosed under this provision remain subject to existing confidentiality restrictions and penalties for unauthorized disclosure.

Requires gasoline and special fuels distributors to disclose books, papers, and records to local government officials upon written request when conducting investigations into alleged violations of state fuel tax laws.

Information disclosed to local government officials under the bill must remain confidential, with penalties applied to anyone divulging the information except as required by law.

Takes effect 12:01 a.m. the day after the 90-day period following final adjournment of the general assembly, unless a referendum petition is filed, in which case voter approval is required.