April 23, 2019

HB 11-1318: Repealing HB 10-1193 Regarding the Collection of Sales and Use Taxes on Sales Made by Out-of-State Retailers

On May 2, 2011, Reps. Amy Stephens, R-Monument, and Sue Schafer, D-Wheat Ridge, and Sens. Nancy Spence, R-Centennial, and Greg Brophy, R-Wray, introduced HB 11-1318 – Concerning the policy of the state of Colorado regarding notification of use taxes due on sales made by out-of-state retailers, and making an appropriation therefor. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

The bill repeals House Bill 10-1193 regarding the collection of sales and use taxes on sales made by out-of-state retailers enacted by the general assembly and signed into law on February 24, 2010, and repeals related rules promulgated by the department of revenue.

The bill also requires any retailer with gross annual sales totaling $500,000 or more that does not collect Colorado sales tax and that sells tangible personal property from a place of business outside this state for use in this state to notify the purchaser of Colorado purchases, either on its web site or by an email directed to the purchaser, that use tax may be imposed on the storage, use, or other consumption in this state of any items of tangible personal property purchased. The bill requires the notification to be readily visible. The bill also prohibits a retailer that does not collect Colorado sales tax and that sells tangible personal property from a place of business outside this state for use in this state from advertising that there is no tax due on purchases made from the retailer for use in this state. Introduced on Monday, the amended bill passed out of the Economic & Business Development and Appropriations Committees respectively on Wednesday, May 4. On 2nd Reading, the House amended the bill and passed it on Thursday; the bill cleared 3rd and final reading in the House on Friday.

Since this summary, the bill has been introduced in the Senate and assigned to the Senate State, Veterans & Military Affairs Committee, which postponed it indefinitely.

Summaries of other featured bills can be found here.

Print Friendly, PDF & Email

Speak Your Mind

*