An effort to limit the state’s role in collecting taxes from out-of-state internet purchases died in the Colorado Legislature Monday, just two months before a new law is set to take effect.
In 2010, Colorado legislators passed a law to require internet retailers who sell a certain amount of goods to Coloradans to inform the state of the amount they purchased and the amount those residents owe the state government in use taxes.
After years of legal wrangling, the so-called “Amazon tax” takes effect on July 1.
Senate Bill 238, sponsored by Senate Majority Leader Chris Holbert, R-Parker, would have rolled back the notification process of the law to allow retailers to send notices just to buyers telling them how much they needed to remit to the state.
Read more at the Denver Business Journal: http://bit.ly/2oTWfS9