i_taxtask_2018a_2018-07-26t10:05:29z2 Hearing Summary CLICS/CLICS2018A/commsumm.nsfPUBLICBILL SUMMARY For DISCUSSION ABOUT PAYING COSTS OF AN ELECTRONIC SYSTEMINTERIM COMMITTEE SALES AND USE TAX SIMPLIFICATION TASK FORCEDate Jul 26, 2018 Location SCR 357 Discussion about Paying Costs of an Electronic System - Committee Discussion Only Attachment Tag File Name Attachment E http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/1A6EF9D387E7...$File/Attachment E.pdf?OpenElement Attachment E.pdf 11:38:40 AM Ms. Meredith Moon, Legislative Council Staff, introduced herself and discussed what her presentation will include. A copy of her presentation was distributed to the task force members (Attachment E). 11:40:12 AM Ms. Moon discussed the requirements of the RFI as compared to what is required to participate in the Streamlined Sales Tax Project. She also discussed different cost estimates for various electronic systems. 11:48:57 AM Ms. Moon talked about the experience in other states that have created electronic sales tax systmes. Louisiana has a complicated sales tax system, but set up a dual system with a single point of remittance and administration for out-of-state retailers. 11:51:03 AM Task force members asked how Louisiana handled different rates on different products and how that would impact bond holders. 12:00:03 PM The task force discussed whether having a higher rate for out-of-state retailers would be unconstitutional and what incentives might encourage out-of-state retailers to collect taxes.