HB 22-1027
signedSales Tax Destination Sourcing Rules Exception
Plain-English Summary
AI-generatedHouse Bill 22-1027 extends a sales tax rule for small retailers in Colorado. Currently, these businesses can charge taxes based on their own location rather than the buyer's address, but this exception was set to end soon. The bill delays ending this exception until October 1, 2022, helping small retailers by allowing them more time to adjust to new tax rules. Since it has been signed into law, these small businesses can continue using their own location for sales tax purposes until the extended deadline.
Official Summary
State sales tax is currently calculated based on the buyer's address when the taxable product or service is delivered to a consumer, and this is known as destination sourcing. There is an exception that allows small retailers with less than $100,000 of retail sales to source their sales to the business' location regardless of where a purchaser receives the tangible personal property or service. The act extends the repeal of this exception from February 1, 2022, until October 1, 2022.
(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2022-01-31
- Latest action
- 2022-01-12
- Last action desc.
- Introduced In House - Assigned to Business Affairs & Labor
- OpenStates
- View source ↗
Related Legislation
This bill affects (10)
amendsHB 17-1127(2017A)· failedExempt Feminine Hygiene Products From Sales Tax
amendsSB 17-205(2017A)· failedMultimodal Transportation Infrastructure Funding
amendsHB 17-1009(2017A)· failedRestore Nonessential Articles Tax Exemptions
amendsSB 17-267(2017A)· signedSustainability Of Rural Colorado
amendsHB 18-1083(2018A)· signedOn-demand Air Carriers Sales And Use Tax Exemption
amendsHB 17-1195(2017A)· failedCreate State Sales Tax Exemption For Diapers
amendsSB 17-285(2017A)· failedDowntown Development Authorities Fairness Act
amendsHB 18-1315(2018A)· signedManufactured Home Sales Tax Exemption
amendsHB 18-1062(2018A)· signedSales Tax On Retail Marijuana
amendsHB 17-1242(2017A)· failedNew Transportation Infrastructure Funding Revenue
Affected by (22)
amendsHB 22-1062(2022A)· signedExpand Sales And Use Tax Exemption For Food
relatesHB 22-1055(2022A)· signedSales Tax Exemption Essential Hygiene Products
relatesSB 24-228(2024A)· signedTABOR Refund Mechanisms
relatesSB 22-138(2022A)· signedReduce Greenhouse Gas Emissions In Colorado
relatesSB 23-055(2023A)· signedCar Sharing Program Sales Use And Ownership Tax
relatesHB 22-1242(2022A)· signedRegulate Tiny Homes Manufacture Sale And Install
relatesHB 26-1270(2026A)· failedOwnership of Agricultural Data
relatesHB 26-1030(2026A)· failedData Center & Utility Modernization
relatesHB 22-1109(2022A)· signedOn-demand Air Carrier Aircraft Sales Tax Exemption
relatesHB 24-1018(2024A)· signedCollege Textbook Sales Use Tax Exemption
relatesHB 23-1272(2023A)· signedTax Policy That Advances Decarbonization
relatesSB 23-016(2023A)· signedGreenhouse Gas Emission Reduction Measures
relatesSB 24-025(2024A)· signedUpdate Local Government Sales & UseTax Collection
relatesHB 24-1027(2024A)· signedExemption for Children's Products
relatesHB 24-1036(2024A)· signedAdjusting Certain Tax Expenditures
relatesHB 24-1349(2024A)· signedFirearms & Ammunition Excise Tax
relatesHB 26-1065(2026A)· signedTransit and Housing Investment Zones
relatesHB 25-1296(2025A)· signedTax Expenditure Adjustment
relatesHB 26-1223(2026A)· signedModifying Certain Tax Expenditures
relatesHB 26-1048(2026A)· signedBack-to-School Sales Tax Holiday
relatesSB 22-051(2022A)· signedPolicies To Reduce Emissions From Built Environment
relatesSB 25-026(2025A)· signedAdjusting Certain Tax Expenditures
Votes
BILL
2022-01-28 · Senate · pass — Yes: 33 · No: 0 · Other: —
COW *
2022-01-27 · Senate · fail — Yes: 0 · No: 0 · Other: —
BILL
2022-01-24 · House · pass — Yes: 64 · No: 0 · Other: —