HB 18-1022

House Bill 18-1022, which has been signed into law, directs Colorado's Department of Revenue to create a request for information (RFI) aimed at developing an electronic system that simplifies sales and use tax processes. This new system would be optional for the state and local governments, including cities and counties, to adopt if they wish to streamline their tax administration. The bill aims to make it easier for both government entities and taxpayers by reducing administrative burdens related to sales and use taxes. Since it has been signed, this means that the Department of Revenue will now proceed with creating and issuing the RFI as instructed by the law.

Official Summary

Sales and Use Tax Simplification Task Force. The bill requires the department of revenue to issue a request for information for an electronic sales and use tax simplification system that the state or any local government that levies a sales or use tax, including a home rule municipality and county, could choose to use that would provide administrative simplification to the state and local sales and use tax system.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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