Colorado § 39-26-128 Uniform sales and use tax base - definition

Colorado Statutes

§ 39-26-128 — Uniform sales and use tax base - definition

Colorado·Title 39 Taxation·Art. Sales and Use Tax

(1)(a) The department of revenue shall make recommendations to the general assembly regarding the establishment of a revenue neutral uniform sales and use tax base throughout the state. In developing the recommendations, the department shall consult with representatives of the Colorado municipal league, or its successor entity, and Colorado counties, incorporated, or its successor entity. Such representatives must have experience in writing sales and use tax policy and must represent constituents of local taxing jurisdictions. The recommendations shall include:

(I)A uniform definition of tangible personal property;

(II)A uniform list of items that are exempt from taxation by the state and local taxing jurisdictions;

(III)Uniform definitions of the tax-exempt items;

(IV)Ra

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(1) (a) The
department of revenue shall make recommendations to the general assembly
regarding the establishment of a revenue neutral uniform sales and use tax base
throughout the state. In developing the recommendations, the department shall
consult with representatives of the Colorado municipal league, or its successor
entity, and Colorado counties, incorporated, or its successor entity. Such
representatives must have experience in writing sales and use tax policy and must
represent constituents of local taxing jurisdictions. The recommendations shall
include:

(I) A uniform definition of tangible personal property;

(II) A uniform list of items that are exempt from taxation by the state and
local taxing jurisdictions;

(III) Uniform definitions of the tax-exempt items;

(IV) Rate changes, including consideration of rates of zero percent that
would be necessary to achieve revenue neutrality for the state and any local taxing
jurisdiction; and

(V) Any other recommendations deemed appropriate by the department of
revenue regarding the establishment of a revenue neutral uniform sales and use tax
base.

(b) (I) For purposes of this subsection (1), a uniform sales and use tax base is
revenue neutral if, when substituted for a jurisdiction's prior sales and use tax base,
the result is no more than a de minimis change in tax revenue for the substituting
jurisdiction.

(II) In estimating revenue neutrality, the department of revenue shall use the
best information it has available.

(c) For purposes of this subsection (1), a local taxing jurisdiction means a
city, town, municipality, county, special district, or authority authorized to levy a
sales tax pursuant to title 24, 25, 29, 30, 31, 32, 37, or 42, C.R.S., and cities, cities
and counties, or towns governed by a home rule charter that impose a sales or use
tax in the state.

(2) The department of revenue shall include the recommendations made
pursuant to subsection (1) of this section in a report to the general assembly
pursuant to section 24-1-136 (9), C.R.S. The report must be submitted to the general
assembly no later than December 31, 2013, and made available to the public on a
website maintained by the department of revenue.

(3) Members of the general assembly are encouraged to consider the
recommendations of the department of revenue pursuant to this section and, if
viewed favorably, to introduce legislation and, if appropriate, a house or senate
concurrent resolution, during the second regular session of the sixty-ninth general
assembly to establish a revenue neutral uniform statewide sales and use tax base.

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