Senate Bill 22-032 Summary

• Requires Colorado Department of Revenue to collect sufficient information from retailers applying for state standard retail licenses to address local taxing jurisdiction concerns regarding administrative efficiency, retailer compliance, and tax revenue collection.

• Prohibits local taxing jurisdictions from charging fees for general business licenses to retailers with state standard retail licenses that either have no physical presence or only incidental physical presence in the jurisdiction, effective July 1, 2022.

• Requires local taxing jurisdictions to automatically issue free general business licenses to qualifying retailers using information provided by the Department of Revenue, effective July 1, 2023, unless the jurisdiction previously revoked the retailer's license for code violations.

• Authorizes retailers with state standard retail licenses and no or incidental physical presence to make retail sales in local jurisdictions without applying separately for a general business license, effective July 1, 2023.

• Appropriates $2,100 to the Department of Revenue for fiscal year 2022-23 to implement the act and support personal services for the taxation services division.