Colorado Governor Signs Law Concerning Electronic Filing of Taxes

The Colorado Governor May 31 signed a law requiring the Department of Revenue (DOR) to promulgate rules to implement mandatory electronic filing of certain tax returns and payment of individual income, corporate income, sales and use, and excise tax and fees via electronic funds transfer. The law includes measures: 1) requiring all non-individual taxpayers to file tax returns electronically and make tax and fee payments via electronic funds transfer, for tax periods beginning on or after Jan. 1, 2020; 2) authorizing the DOR to impose a penalty for any taxpayer that fails to file a return electronically or submit a ...