Always Thinking.

Arnold Palmer once said golf was "deceptively simple and endlessly complicated."

The same can be said for state and local taxes.

Friday, January 28, 2011

Colorado Repealing Notification Requirements?

Two bills have been introduced in Colorado which would impact Internet and remote retailers that do not collect Colorado sales tax.

Use Tax Exemption

SB56 exempts from use tax the storage, use, or consumption of any tangible personal property purchased by Colorado purchasers from an out-of-state retailer that does not collect Colorado sales tax.

Notification Requirements Repeal

SB73 repeals multiple bills that were enacted last year regarding sales tax credits, software, etc.  Most importantly for Internet and remote retailers that do not collect sales tax, the bill would repeal the notification requirements enacted last year. 

To check the status of these bills in the future, go to Colorado bill status.

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