This content was originally published by the Longmont Observer and is licensed under a Creative Commons license.
The Longmont Area Chamber of Commerce is supporting SB19-006, the “Retail Sales Tax Simplification Act."
SB19-006 would direct the state
Wayfair v South Dakota overturns an earlier Supreme Court ruling, Quill v North Dakota, which stated that companies should have a physical presence in the state to collect and remit sales taxes. In the Wayfair decision, businesses need not have a physical presence for states to require the collection and remittance of sales and use taxes. The Colorado Department of Revenue will begin to enforce new rules, beginning May 31, 2019, to collect taxes from out of state retailers. Because Colorado is a “
“The Colorado Department of Revenue rules following the Wayfair v South Dakota decision
Stacy Cornay with Communication Concepts and Chamber Policy and Special Projects consultant added, “We started to hear concerns from Chamber members late last year concerning this issue. We’ve been working since the beginning of the legislative session with our various Chamber partners in Denver and the Northwest Chamber Alliance to find a solution. SB6 doesn’t answer all the concerns we have, but the simplification system will help greatly.”
Currently, SB19-006 has passed both houses and awaits