h_bus_2016a_2016-02-18t13:38:41z0 Hearing Summary

Date: 02/18/2016

01:39 PM -- SB16-050



Representative Saine and Representative Ryden, co-sponsors, introduced Senate Bill 16-050. The bill releases retailers from liability for uncollected local sales tax because of a misassigned Department of Revenue location code. Specifically, a retailer is not required to remit any overdue tax or associated charges, penalties, fees, or interest arising from a misassigned location code, provided that the retailer:

• obtains a sales tax license in good faith;
• provides an address that correctly indicates the location of the business; and
• collects and remits sales taxes for the local jurisdictions represented by the retailer's assigned location code.

The bill applies only to jurisdictions for which the state collects sales taxes. Home-rule municipalities that administer their own sales taxes will continue to be able to assess unpaid taxes from businesses that receive an incorrect location code.



The sponsors provided the committee with a handout (Attachment A).



160218AttachA.pdf



01:42 PM -- Gini Pingenot, Colorado Counties Incorporated, testified in support of the bill.



01:46 PM -- Tracy Hines, Larimer County, testified in support of the bill. Ms. Hines provided the committee with an example of a location code report (Attachment B).



160218 AttachB.pdf



01:50 PM



Ms. Pingenot, Ms. Hines, and the bill sponsors responded to questions from the committee.



02:00 PM -- Christopher Harless, Office of the State Auditor, responded to questions from the committee.



02:05 PM -- Chris Howes, Colorado Retail Council, testified in support of the bill.



02:06 PM -- Paul Northrup, Colorado Department of Revenue, responded to questions from the committee.



02:13 PM



Representative Saine and Representative Ryden made closing remarks on the bill.