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Senate advances bill to end Coloradovendor fee, setting up final vote
Summary
After hours of floor debate and multiple failed amendments, the Colorado Senate voted on Aug. 24 to advance House Bill 1005, which would eliminate the state sales-tax vendor fee retailers may retain; sponsors said itremoves an outdated subsidy, while opponents said it shifts costs onto small retailers and consumers.
The Colorado Senate advanced House Bill 1005 on second reading Aug. 24, ordering the measure to the calendar for a final vote after extended floor debate over whether the state should end the sales-tax vendor allowance that retailers keep to cover collection costs.
The billsponsor, Senator Kipp, told colleagues the vendor allowance was created in 1939 and no longer fits modern tax administration. "Businesses nationwide will benefit to the tune of $1,300,000,000,000, that is trillion with a t," he said in floor remarks arguing that federal tax changes mean Colorado must…
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