ARTICLE
26 March 2024

Local Lodging Tax Reporting On Sales Return

DG
Davis Graham & Stubbs LLP

Contributor

Davis Graham & Stubbs LLP, one of the Rocky Mountain region’s preeminent law firms, serves clients nationally and internationally, with a strong focus on corporate finance and governance, mergers and acquisitions, natural resources, environmental law, real estate, and complex litigation. Our lawyers have extensive experience working with companies in the energy, mining, technology, hospitality, private equity, and asset management industries. As the exclusive member firm in Colorado for Lex Mundi, the world’s leading network of independent law firms, DGS has access to in-depth experience in 125+ countries worldwide.
Bill 24-024 requires local taxing jurisdictions for which the department of revenue does not administer local lodging taxes to apply the same local lodging...
United States Tax
To print this article, all you need is to be registered or login on Mondaq.com.

SB24-024

Summary

Bill 24-024 requires local taxing jurisdictions for which the department of revenue does not administer local lodging taxes to apply the same local lodging tax standards or requirements to accommodations' intermediaries and marketplace facilitators who are required to collect and remit local lodging taxes. The bill prohibits local taxing jurisdictions from requiring additional reporting information from an accommodation's intermediary for purposes of local taxes, but, notably, does not prohibit local taxing jurisdictions from obtaining this information on a voluntary basis, and home rule municipalities may pass ordinances regulating these entities (including an ordinance governing the issuance of information or data) for purposes unrelated to local taxes. The bill declares that it is a matter of statewide concern to have uniform collection and remittance of local lodging taxes across local taxing jurisdictions, and to standardize reporting requirements.

Legislative Updates

Hearing: April 4 in Room 0112

  • 2024-02-22 / Engrossed
    Introduced In House - Assigned to Finance
    Senate Third Reading Passed - No Amendments
  • 2024-02-21
    Senate Second Reading Passed - No Amendments
  • 2024-02-15 / Introduced
    Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole
  • 2024-02-08 / Introduced
    Senate Committee on Finance Witness Testimony and/or Committee Discussion Only
  • 2024-01-30 / Introduced
    Senate Committee on Finance Witness Testimony and/or Committee Discussion Only
  • 2024-01-10
    Introduced in Senate - Assigned to Finance

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More