HB2843 Summary

• Expands home rule municipal use tax authority to all home rule municipalities, removing the previous restriction limited to municipalities with 2,000,000 or more inhabitants.

• Allows all home rule municipalities to impose an additional use tax in increments of 1/4% not to exceed 1% on the selling price of tangible personal property purchased at retail from retailers located outside the municipality.

• Authorizes the Department of Revenue to collect a 2% monthly administrative fee from tax amounts remitted to municipalities with fewer than 2,000,000 inhabitants when the Department administers collection and remittance.

• Effective July 1, 2019.