(Mar. 15) – The House passed a bill today sponsored by Rep.Tracy Kraft-Tharp, D-Arvada, that requires the development of an electronic sales and use tax simplification system. This new system will help address the patchwork of sales and use tax across the state and help small businesses thrive.
“The business community, local communities, legislators and Department of Revenue were able to come together to move Colorado towards a simplified process of remittance of sales tax,” said Rep. Kraft-Tharp.
This bill will require the Office of Information Technology to develop the electronic sales tax and use tax simplification system following a stakeholder process conducted with the Department of Revenue. It then authorizes the Department of Revenue to accept any returns processed through the new system and also provides a dedicated funding stream to fund and maintain the system.
SB19-006 was unanimously passed in the House on third reading with an
amendment. The bill heads back to the Senate for approval before it goes to
the Governor’s desk.
Rep. Kraft-Tharp received an award in October by the Tax Foundation for her work on the sales tax simplification committee.