House Bill 10-1193 Page 4
ADVERTISEMENT
1
2
3
4
5
6(B) T
-
(A)
HE NOTIFICATION SPECIFIED IN SUB
SUBPARAGRAPH
OF THIS
(I)
C
SUBPARAGRAPH
SHALL BE SENT SEPARATELY TO ALL
OLORADO
-
PURCHASERS BY FIRST
CLASS MAIL AND SHALL NOT BE INCLUDED WITH ANY
.
T
OTHER SHIPMENTS
HE NOTIFICATION SHALL INCLUDE THE WORDS
"I
T
D
E
"
MPORTANT
AX
OCUMENT
NCLOSED
ON THE EXTERIOR OF THE
. T
.
MAILING
HE NOTIFICATION SHALL INCLUDE THE NAME OF THE RETAILER
(II) (A) E
C
ACH RETAILER THAT DOES NOT COLLECT
OLORADO SALES
TAX SHALL FILE AN ANNUAL STATEMENT FOR EACH PURCHASER TO THE
DEPARTMENT OF REVENUE ON SUCH FORMS AS ARE PROVIDED OR APPROVED
C
BY THE DEPARTMENT SHOWING THE TOTAL AMOUNT PAID FOR
OLORADO
PURCHASES OF SUCH PURCHASERS DURING THE PRECEDING CALENDAR YEAR
,
OR ANY PORTION THEREOF
AND SUCH ANNUAL STATEMENT SHALL BE FILED
M
1
.
ON OR BEFORE
ARCH
OF EACH YEAR
(B) T
HE EXECUTIVE DIRECTOR OF THE DEPARTMENT OF REVENUE
C
MAY REQUIRE ANY RETAILER THAT DOES NOT COLLECT
OLORADO SALES
C
TAX THAT MAKES TOTAL
OLORADO SALES OF MORE THAN ONE HUNDRED
THOUSAND DOLLARS IN A YEAR TO FILE THE ANNUAL STATEMENT DESCRIBED
-
(A)
(II)
IN SUB
SUBPARAGRAPH
OF THIS SUBPARAGRAPH
BY MAGNETIC
-
.
MEDIA OR ANOTHER MACHINE
READABLE FORM FOR THAT YEAR
(III) (A)
F
AILURE TO SEND THE NOTIFICATION REQUIRED IN
(I)
(d)
SUBPARAGRAPH
OF THIS PARAGRAPH
SHALL SUBJECT THE RETAILER
,
TO A PENALTY OF TEN DOLLARS FOR EACH SUCH FAILURE
UNLESS THE
.
RETAILER SHOWS REASONABLE CAUSE FOR SUCH FAILURE
(B)
F
AILURE TO FILE THE ANNUAL STATEMENT REQUIRED IN
-
(A)
(II)
(d)
SUB
SUBPARAGRAPH
OF SUBPARAGRAPH
OF THIS PARAGRAPH
SHALL SUBJECT THE RETAILER TO A PENALTY OF TEN DOLLARS FOR EACH
PURCHASER THAT SHOULD HAVE BEEN INCLUDED IN SUCH ANNUAL
,
STATEMENT
UNLESS THE RETAILER SHOWS REASONABLE CAUSE FOR SUCH
.
FAILURE
SECTION 3. Part 1 of article 21 of title 39, Colorado Revised
Statutes, is amended BY THE ADDITION OF A NEW SECTION to read:
39-21-122. Revenue impact of 2010 tax legislation - tracking by
department. T
HE DEPARTMENT OF REVENUE SHALL ACCOUNT FOR ALL
H
B
10-1193,
REVENUE ATTRIBUTABLE TO THE ENACTMENT OF
OUSE
ILL
PAGE 4-HOUSE BILL 10-1193
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business