s_fin_2016a_2016-02-09t14:05:15z0 Hearing Summary

Date: 02/09/2016

The committee was called to order. A quorum was present.



02:06 PM -- SB16-036



Senators Jahn and Neville, co-prime sponsors, presented Senate Bill 16-036, which changes the circumstances under which a taxpayer is required to set aside money when he or she files a notice of appeal of a tax decision with a court. The bill repeals the requirement that a taxpayer set aside money for all appeals to a district court, except in cases of a frivolous tax claim submission as determined by the Department of Revenue (DOR). Rather than setting aside money before a tax case is heard by the district court, a taxpayer does not have to set aside money unless he or she appeals a district court decision to an appellate court or to the Colorado Supreme Court. In these cases, money must be set aside no later than 14 days after the district court ruling.



The amount required to be set aside mirrors current law. The taxpayer may choose to:

• post a surety bond equal to twice the amount of taxes, interest, and other charges stated as due;

• deposit twice the amount stated as due in a saving account, or obtain a certificate of deposit; or

• deposit the amount stated as due with the DOR.

If the taxpayer chooses to deposit the amount stated as due with the DOR, further interest is not accrued while the money is set aside.



02:10 PM -- Mr. Geoff Wilson, representing the Colorado Municipal League, testified in support of the bill. Committee members received Amendment L.003 (Attachment A). Mr. Wilson explained Amendment L.003.



16SenateFin0209AttachA.pdf



02:15 PM -- Ms. Laura Long, representing the Jefferson County Business Lobby, testified in support of the bill.



02:17 PM -- Mr. Paul Archer, representing the Coalition to Simplify the Colorado Sales Tax, testified in support of the bill.





02:19 PM



Senators Jahn and Neville made some closing remarks on the bill. Senator Neville distributed and explained Amendment L.004 (Attachment B).



16SenateFin0209AttachB.pdf