sales taxes
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Polis signs bill extending small business exception from destination sourcing tax law
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
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
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
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…