Senate Bill 24-024 Summary

• Adds Colorado Revised Statutes 29-2-116 to standardize local lodging tax requirements and reporting obligations across Colorado's local taxing jurisdictions.

• Prohibits local taxing jurisdictions from applying additional reporting requirements or standards to accommodations intermediaries that differ from those applied to other marketplace facilitators obligated to collect and remit locally administered taxes.

• Permits local taxing jurisdictions to request information from accommodations intermediaries during audits and allows voluntary data sharing, but restricts non-tax-related ordinances unless protected by state or federal law.

• Restricts local taxing jurisdictions that have passed marketplace facilitator laws to audit only the marketplace facilitator (not individual marketplace sellers, multichannel sellers, or lodging suppliers) when the facilitator confirms it is responsible for remitting tax.

• Takes effect January 1, 2025, unless a referendum petition is filed within 90 days after the general assembly adjourns, in which case voter approval at the November 2024 general election is required.