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i_taxtask_2018a_2018-08-22t10:01:34z1 Hearing Summary




PUBLIC
BILL SUMMARY For INDUSTRY PANEL DISCUSSION ON USE TAX

INTERIM COMMITTEE  SALES AND USE TAX SIMPLIFICATION TASK FORCE
Date Aug 22, 2018      
Location HCR 0107



Industry Panel Discussion on Use Tax - Committee Discussion Only


10:36:20 AM  

A panel of experts presented about the use tax in the auto and aviation industry. Mr. Johnny Medved, representing the Medved Auto Group, discussed how the state's sales and use tax affects the auto industry, and associated industries. Mr. Medved described the state's complicated sales and use tax system, over collection of sales and use tax by the auto industry, and associated negative consequences on dealerships and customers.

10:41:40 AM  

Mr. Ty Little, representing Carrier & Little and the Colorado Aviation Business Association, discussed how the state's sales and use tax affects the aviation industry. He described complications associated with use tax remittance that are unique to the aviation industry. Mr. Medved responded to a question from the task force about an address locater tool used by his business. Discussion ensued on this topic.

10:55:04 AM  

Discussion continued about changes that would improve sales and use tax collection and remittance in the auto and aviation industries.

11:00:12 AM  

Ms. Meredith Moon, Legislative Council Staff, presented on sales and use tax collections in three states with home rule jurisdictions: Alabama, Arizona, and Louisiana. A copy of Ms. Moon's presentation was distributed to the task force (Attachment C). Ms. Moon walked the committee through her presentation.

11:16:30 AM  

Ms. Moon responded to questions from the task force.