Bill Sponsor
Colorado House Bill 1050
Session 2024A
Simplify Processes Regarding Certain Local Government Taxes
Active
Active
Passed Senate on May 2, 2024
Sponsors
Republican
Rick Taggart
Democrat
Cathy Kipp
Democrat
Jeff Bridges
Republican
Kevin Van Winkle
First Action
Jan 10, 2024
Latest Action
May 2, 2024
Origin Chamber
House
Type
Bill
Bill Number
1050
State
Colorado
Session
2024A
Sponsorship by Party
Democrat
Primary
Democrat
Primary
Republican
Primary
Republican
Primary
Summary
Sales and Use Tax Simplification Task Force. Section 1 of the bill requires local taxing jurisdictions that impose a local lodging tax or a sales or use tax on building or construction materials that integrate such taxes into building permits (applicable sales or use tax) to file with the executive director of the department of revenue (executive director) a copy of the resolution or ordinance, and any amendments thereto, imposing such taxes and, if not included in the resolution, ordinance, or amendments, certain additional information related to each type of tax. For local lodging taxes, the bill requires local taxing jurisdictions to report the rate and calculation of the tax, the types of lodging the tax applies to, the number of days after which a stay may be exempt from the tax, and the amount of tax that may be retained by the collector of the tax in exchange for timely filing . For the applicable sales or use tax, the bill requires local taxation jurisdictions to report the rate and calculation, what information is included on building permits, the timing for remittance of the tax, and whether the tax is imposed on asphalt equipment, storage of equipment, or services. By not later than July 1, 2025, and by not later than January 1 and July 1 of each year thereafter, the executive director must publish the information in the local taxing jurisdiction's reports relating to the local lodging tax and applicable sales or use tax. Sections 2 and 3 and 4 modify the scope of the sales and use tax simplification task force (task force) to include simplification of local lodging tax systems and require that in the 2024 interim, the task force receive testimony and proposals related to the feasibility and implementation of an electronic system for the collection and remittance of local lodging taxes in the same manner or in a manner similar to the electronic sales and use tax simplification system. The task force may propose legislation for the 2025 legislative session to implement or create such an electronic portal. The department of revenue is required to issue a request for information for an electronic system for the collection and remittance of local lodging taxes and present the information received to the task force by not later than September 1, 2024. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Actions (10)
05/02/2024
Senate
Senate Third Reading Passed - No Amendments
05/01/2024
Senate
Senate Second Reading Special Order - Passed - No Amendments
05/01/2024
Senate
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
04/29/2024
Senate
Senate Committee on Finance Refer Unamended to Appropriations
04/24/2024
Senate
Introduced In Senate - Assigned to Finance
04/24/2024
House
House Third Reading Passed - No Amendments
04/23/2024
House
House Second Reading Special Order - Passed with Amendments - Committee
04/23/2024
House
House Committee on Appropriations Refer Amended to House Committee of the Whole
02/01/2024
House
House Committee on Finance Refer Amended to Appropriations
01/10/2024
House
Introduced In House - Assigned to Finance
Sources
Record Created
Jan 10, 2024 8:13:23 PM
Record Updated
May 2, 2024 5:41:18 PM