h_fin_2016a_2016-03-16t13:35:59z1 Hearing Summary

Date: 03/16/2016

01:59 PM -- HB16-1087



Representative Becker, J., sponsor, introduced House Bill 16-1087. The bill, as amended by the House State, Veterans, and Military Affairs Committee, increases the share of state sales tax revenue allowed to be retained by some vendors to cover their expenses for collecting and remitting the tax. For businesses remitting $75,000 or less in state sales tax during the prior calendar year, this share, known as the vendor fee, is increased from 3.33 percent under current law to 4.5 percent beginning January 1, 2018. For all other businesses, the vendor fee is not changed. Representative Becker, J. answered several committee questions.



02:09 PM -- Mr. Tony Gagliardi, representing the National Federation of Independent Business and the Coalition to Simplify Colorado Sales Tax, testified in support of the bill.



02:22 PM -- Mr. John Vecchiarelli, representing the Colorado Department of Revenue (DOR), came to the table to answer committee questions.



02:26 PM -- Ms. Mary Lou Chapman, representing the Rocky Mountain Food Industry Association, testified in support of the bill.



02:33 PM -- Mr. Grier Bailey, representing the Colorado Wyoming Petroleum Marketers Association, testified in support of the bill and answered committee questions. He distributed a handout to the committee (Attachment A).



16HouseFin0316AttachA.pdf



02:38 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified against the bill and answered several committee questions.