SB 17-139

Senate Bill 17-139, which has been signed into law, allows tobacco distributors in Colorado to permanently claim a tax credit for taxes they pay on tobacco products that are shipped or sold to customers outside of the state. This means that these companies won't have to pay Colorado's tobacco tax twice when selling their products out-of-state. The bill benefits tobacco product distributors by providing them with ongoing financial relief, and it has completed all stages in the legislative process since being introduced.

Official Summary

Currently and until September 1, 2018, a distributor can claim a credit for taxes paid on tobacco products that are shipped or transported by the distributor to a consumer outside of the state. The bill makes the credit permanent. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes