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i_taxtask_2018a_2018-07-26t10:05:29z3 Hearing Summary




PUBLIC
BILL SUMMARY For OVERVIEW OF THE USE TAX

INTERIM COMMITTEE  SALES AND USE TAX SIMPLIFICATION TASK FORCE
Date Jul 26, 2018      
Location SCR 357



Overview of the Use Tax - Committee Discussion Only


01:23:43 PM  

Mr. Larson Silbaugh, Legislative Council Staff, introduced himself and discussed the topic of his presentation.  Task force members received a copy of his presentation (Attachment F).

01:33:56 PM  

Mr. Silbaugh discussed the difference between the sales and the use tax and the fact that they are complementary.  He showed a graph from his presentation regarding sales and use tax collections.  He then asked for expert opinions about local use tax collections from the task force members.  Ms. Hines responded that Larimer County collects use tax only on building materials and motor vehicles.  Mr. Wilson added that statutory cities operate the same way.

01:38:01 PM  

Task force discussion continued about local use tax collections.

01:42:54 PM  

Mr. Silbaugh continued with his presentation and mentioned DOR does not collect local use taxes.  He showed maps comparing county and municipal collections, as well as home rule collections.

01:49:03 PM  

Mr. Silbaugh requested input from the task force regarding tax exempt construction projects.  Ms. Hines responded.

01:50:03 PM  

Mr. Silbaugh continued presenting on use tax related to construction and the delivery of building materials.

01:51:36 PM  

Mr Silbaugh ended his presentation and the task force discussion about local and state use tax collection ensued.