sales taxes
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Polis signs bill extending small business exception from destination sourcing tax law
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Gov. Jared Polis on Monday signed the first bill of the legislative session – a proposal that gives small businesses more time to comply with a major change to where their sales are taxed. The new law, House Bill 22-1027, extends the exception for small businesses, defined as those with retail sales under $100,000, from a 2019 law…
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Businesses get grace period to comply with new state sales tax rules
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Local businesses that ship purchased goods throughout Colorado will have a few more months to comply with a change in sales tax regulations that retailers fear will be a costly blow. The state Department of Revenue said Thursday that it will extend a “grace period” from March 31 to May 31 before it begins enforcing…
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Cyber Monday shoppers will see more sites charging sales tax
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WASHINGTON – Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. A June ruling gave states the go-ahead to require more companies to collect sales tax on online purchases. Now, more than two dozen have moved to take…
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Don’t forget to set aside sales taxes on Cyber Monday, Colorado Department of Revenue reminds consumers
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Next Monday is “Cyber Monday,” or the day that online retailers are hoping that you haven’t spent up your holiday budget just yet. Last year consumers spent $3.45 billion in online purchases on Cyber Monday, the largest one-day online sales record in history, according to Fortune. Not to be a Grinch, but the Colorado Department…
