Sales/Use/Indirect:
Colorado: New Law Seeks to Help Streamline State and Local Sales and Use Tax Compliance
S.B. 23, signed by gov. 4/19/24. With respect to Colorado’s electronic sales and use tax simplification (SUTS) system administered by the Colorado Department of Revenue [see H.B. 1017 (2023), and State Tax Matters, Issue 2023-24, for more details about the SUTS system] that incorporates a geographic information system (GIS) database, new law provides that any vendor relying upon information in the GIS database for determining which Colorado local tax jurisdictions are owed sales and use tax, and by what amount, generally is held harmless in an audit by the state or local taxing jurisdiction for an underpayment of tax, charge, or fee liability that results solely from an error or omission in the GIS database data. However, the bill caveats that Colorado local tax jurisdictions are not required to hold vendors harmless in cases where the vendor used an incomplete or erroneous address when querying the GIS database. Please contact us with any questions.
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