Colorado vendors may now rely solely on a database of jurisdictions and tax rates certified and provided by the Department of Revenue for Colorado transactions. A vendor using the department’s database will not be held liable for collection and remittance errors due to incorrect information provided in the department’s database if certain requirements are met. Vendors must accurately update their system when necessary. The state reserves the right to monitor the vendor’s information. The vendor will become liable for improper tax collection and remittance if the vendor’s information is less than 95% accurate compared to the department’s database. (House Bill 04-1237, signed into law May 15, 2004.)