As specified in section 39-22-119.5, a vendor whose liability for state sales tax only for the previous calendar year was more than seventy-five thousand dollars shall use electronic funds transfers to remit all state and local sales taxes required to be remitted to the executive director of the department of revenue.
Source: L. 2001: Entire section added, p. 510, § 1, effective August 8. L. 2017: Entire section amended, (HB 17-1136), ch. 76, p. 237, § 2, effective March 23. L. 2019: Entire section amended, (SB 19-024), ch. 31, p. 99, § 3, effective August 2; Entire section amended, (HB 191256), ch. 395, p. 3515, § 4, effective August 2.
Cross references: For the legislative declaration in SB 19-024, see section 1 of chapter 31, Session Laws of Colorado 2019.