s_fin_2016a_2016-03-15t14:06:00z4 Hearing Summary

Date: 03/15/2016

02:27 PM -- SB16-130



Senator Scott, prime sponsor, presented Senate Bill 16-130. The 2015 Colorado individual income tax form includes lines requiring taxpayers to compute and remit use tax due on purchases made during the 2015 tax year. The bill prohibits the Department of Revenue (DOR) from auditing a taxpayer for any amount reported on one of the use tax lines, and prohibits the inclusion of these lines on individual income tax forms for future tax years. Senator Scott distributed a copy of the 2015 Colorado Individual Income Tax Form 104 (Attachment E).



16SenateFin0315AttachE.pdf



02:35 PM -- Mr. Paul Northrup, representing the DOR, testified in opposition to the bill. He responded to questions from the committee about whether a taxpayer is required to report about on-line purchases made by family members. Discussion ensued on the topic of how a taxpayer should identify the amount to report about on-line purchases.





02:45 PM



Mr. John Vecchiarelli, Senior Director of Tax, DOR, came to the table to address committee questions. Mr. Northrup continued his testimony. Committee discussion returned to how taxpayers report use tax.





03:04 PM



Mr. Northrup responded to a question about the amount of revenue that is expected to be earned from use tax remittances, if the tax form is not changed under SB 16-130.





03:06 PM



Mr. Greg Sobetski, Legislative Council Staff, explained the revenue loss assumptions reflected in the prepared fiscal note.





03:11 PM



Senator Scott made some closing remarks about the bill. The committee discussed a potential amendment.

03:23 PM



The committee adjourned.