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Bill > SB282


CO SB282

CO SB282
Continue Small Business Destination Sourcing Exception


summary

Introduced
05/19/2021
In Committee
06/03/2021
Crossed Over
06/15/2021
Passed
06/15/2021
Dead
Signed/Enacted/Adopted
06/30/2021

Introduced Session

2021 Regular Session

Bill Summary

CONCERNING AN EXTENSION OF THE SMALL RETAILER EXCEPTION TO THE SALES AND USE TAX DESTINATION SOURCING RULES.

AI Summary

This bill extends the small retailer exception to the sales and use tax destination sourcing rules in Colorado. Specifically, it repeals the provision that would have ended the exception 90 days after the state's geographic information system for determining taxing jurisdictions was made available to retailers. Instead, the bill extends the exception until February 1, 2022. This allows small retailers to continue sourcing sales based on their business location rather than the customer's location, simplifying tax collection. The bill also includes a safety clause, indicating it is necessary for the immediate preservation of public peace, health, or safety.

Committee Categories

Budget and Finance

Sponsors (32)

Last Action

Governor Signed (on 06/30/2021)

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