By Ed Sealover | The Sum & Substance
Given the options of taking an aggressive or conservative approach to combatting “trigger audits,” Colorado legislators appear to have chosen the latter.
The Sales and Use Tax Simplification Task Force last week unanimously approved a bill for drafting that would require any that any third-party auditors contracted by cities maintain the same confidentiality with collected data that Colorado governments would use. It also will send a letter to the Colorado Department of Revenue calling on it to convene a task force to help increase the number of businesses using the existing SUTS tax-filing system — a change that it believes would boost compliance with state law.