HB 22-1099 Summary

• Online marketplaces must require high-volume third-party sellers (200+ sales and $5,000+ annual revenue in 12 months) to provide verified identifying information including name, address, tax ID, bank account details, and contact information within 10 days of qualification.

• High-volume third-party sellers with $20,000+ annual gross revenues must have their name, physical address, and contact information disclosed to consumers in order confirmation messages and account transaction history in a conspicuous manner.

• Online marketplaces must verify seller information within 10 days of collection and annually notify sellers to update their information; failure to comply results in suspension of sales activity after 10-day notice period.

• Sellers can request partial disclosure of identity information in limited situations (residential address only, separate returns address, or no business phone number) if they certify their circumstances to the marketplace; false representations result in mandatory full disclosure and potential account suspension.

• Attorney General and district attorneys have exclusive enforcement authority; violations constitute unfair or deceptive trade practices; political subdivisions are preempted from imposing additional verification or disclosure requirements on online marketplaces.

• Effective date: January 1, 2023, unless subject to successful referendum petition.