Location: SCR 354
Final
BILL SUMMARY for SB16-050
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
BILL SUMMARY for SB16-050
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment B). The motion p Refer Senate Bill 16-050, as amended, to the Commi |
Pass Without Objection PASS |
02:26 PM -- SB 16-050
Senator Jahn and Senator Neville introduced Senate Bill 16-050, concerning holding retailers harmless for incorrect assigned location codes. The bill from the Legislative Audit Committee releases retailers from liability for uncollected local sales tax because of a misassigned Department of Revenue location code. Specifically, a retailer is not required to remit any overdue tax or associated charges, penalties, fees, or interest arising from a misassigned location code provided that the retailer:
- obtains a sales tax license in good faith;
- provides a correct business address that conforms with the United States Postal Service database; and
- collects and remits sales taxes for the local jurisdictions represented by the retailer's assigned location code.
The bill applies only to jurisdictions for which the state collects sales taxes. Home-rule municipalities that administer their own sales taxes will continue to be able to assess unpaid taxes from businesses that receive an incorrect location code. The sponsors responded to questions from the committee. Senator Neville provided a handout to the committee (Attachment A).
02:34 PM -- Mary Marchun, Douglas County, spoke in support of the bill.
02:35 PM -- Chris Howes, Colorado Retail Council, spoke in support of the bill.
02:36 PM -- Tony Gagliardi, National Federation of Independent Businesses, spoke in support of the bill.
02:40 PM -- Christopher Harless, Office of the State Auditor, explained the purpose of a proposed amendment.
02:43 PM -- Eric Myers, Department of Revenue, responded to questions from the committee.
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| BILL: | SB16-050 | |
| TIME: | 02:45:08 PM | |
| MOVED: | Jahn | |
| MOTION: | Adopt amendment L.001 (Attachment B). The motion passed without objection. | |
| SECONDED: | |
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VOTE |
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Baumgardner |
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Heath |
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Hodge |
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Jahn |
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Neville T. |
Excused |
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Newell |
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Tate |
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Woods |
Excused |
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Holbert |
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YES: 0 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-050 | |
| TIME: | 02:46:19 PM | |
| MOVED: | Jahn | |
| MOTION: | Refer Senate Bill 16-050, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 7-0. | |
| SECONDED: | |
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VOTE |
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Baumgardner |
Yes |
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Heath |
Yes |
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Hodge |
Yes |
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Jahn |
Yes |
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Neville T. |
Excused |
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Newell |
Yes |
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Tate |
Yes |
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Woods |
Excused |
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Holbert |
Yes |
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Final YES: 7 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS
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02:47 PM
The committee adjourned.