SB3417 amends the Home Rule County Use Tax Law to clarify tax collection responsibilities.
SB3417 amends the Home Rule County Use Tax Law to specify that the Department of Revenue will collect the tax if the property is purchased from a retailer in a county other than the home rule county imposing the tax. The Department will remit the tax to the state or determine an exemption. The home rule county imposing the tax may collect the tax if it is not collected by the Department. The Department must pay over collected taxes, penalties, and interest to the Home Rule County Retailers' Occupation Tax Fund.
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