City Council Minutes 2022 04 05 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes April 5, 2022 Page 6 of 10 Mayor Stolzmann closed the public hearing. VOTE: Motion passed by a vote of 5-2 with Mayor Stolzmann and Councilmember Most voting no. Councilmember Fahey offered a substitute motion to change Ordinance No. 1826 to allow an opt out for those rebuilding rather than a full repeal of the requirement. After further conversation she withdrew the motion. MOTION: Mayor Stolzmann moved to approve Ordinance No. 1826; Councilmember Brown seconded the motion. VOTE: Motion passed by a 4-3 vote with Councilmember Fahey, Councilmember Dickinson, and Councilmember Leh voting no. ORDINANCE NO. 1827, SERIES 2022 — AN ORDINANCE AMENDING THE CITY'S SALES AND USE TAX CODE CONCERNING ECONOMIC NEXUS AND MARKETPLACE FACILITATORS — 2nd READING — PUBLIC HEARING (advertised Daily Camera 3/20/22) Mayor Stolzmann introduced the item and opened the public hearing. Finance Director Kevin Watson stated that in response to the Wayfair decision of the Supreme Court the Colorado Department of Revenue and the Office of Information Technology created a sales and use tax (SUTS) web portal where businesses can both lookup sales and use tax rates and file/remit sales and use tax to all Colorado jurisdictions. Staff has been working on the implementation of the system and now needs the passage of an ordinance to add standard definitions for Marketplace Facilitators/Sellers and to add Economic Nexus to the list of activities that define "doing business in the City." Passage of this ordinance will officially require remote sellers to collect and remit sales tax to the City. Mayor Stolzmann noted the importance of the ordinance and this system to allow us to collect sales tax from online sales. Mayor Pro Tern Maloney stated this is important to the economic sustainability of the City and he supports it. Public Comments — None. Councilmember Fahey asked why the packet information stated that license and use tax fees may decline with this. Director Watson stated this process will mean on line retailers will not have to get a local sales tax license so those license fees will decline however he is confident sales tax collection will increase.