TITLE

Aggressive New Notice/Reporting Rules and "Affiliate Nexus" Provision Adopted in Colorado and Under Consideration in California

AUTHOR(S)
Gall, Maryann B.; Kulwicki, Laura A.; Haedt, Allison
PUB. DATE
May 2010
SOURCE
Journal of State Taxation;May/Jun2010, Vol. 28 Issue 4, p5
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the law in Colorado which imposes notice or reporting requirements on remote sellers that are not required to collect tax in Colorado and adopts affiliate nexus provisions. It notes that the law was enforced following the Great Depression which caused the decline in state tax revenues. It states that failure to provide the required notices and reports can result to penalties including 250,000-50,000 U.S. dollars for failure to provide notifications at the time of purchase.
ACCESSION #
53907090

 

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