DENVER BUSINESS JOURNAL - Seven years after being signed by then-Gov. Bill Ritter, a law requiring out-of-state Internet retailers to send notices regarding customer purchases to both Coloradans and to the state revenue department finally is set to go into effect on July 1.
Before it does, however, state Senate Majority Leader Chris Holbert and a coalition of limited-government groups are pushing the state to roll back some of the notice requirements surrounding what companies must tell the state about residents’ buying habits. The proposal was approved Tuesday by its first committee in the state Legislature.
Senate Bill 238, also known as the “tattletale bill” would nix the requirement that out-of-state retailers with no physical presence in Colorado send notices to the revenue department detailing the names and addresses of any Coloradans who purchased at least $500 worth of goods from their site.
Instead, it would require only that the companies email the information to consumers for them to use in reporting use taxes to the state. It also requires the revenue department to conduct a “Know What You Owe” public-information campaign telling residents of their obligations under the new law.
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