HB 22-1312

House Bill 22-1312, which has been signed into law, makes corrections in Colorado's sales tax statutes. It fixes incorrect references related to how certain businesses, known as direct pay permit holders, file and pay their local sales taxes. Additionally, it clarifies the definition of "auction sale" by removing a reference that included hotel rooms or accommodations from the list of items sold at auctions. This bill affects specific businesses dealing with sales tax filings and those involved in auction sales. Since it has been signed into law, these corrections are now part of Colorado's official statutes and will be enforced accordingly.

Official Summary

Sections 1, 2, 3, and 4 of the act correct incorrect cross references to sales tax filing and remittance requirements for direct pay permit holders in local sales tax statutes. Section 5 corrects an incorrect cross reference in the definition of "auction sale", which is defined to include only the sale of tangible personal property, by replacing a cross reference to a supplemental definition of sale that includes "the transaction of furnishing rooms or accommodations" with a cross reference to the more general definition of "sale". (Note: This summary applies to this bill as enacted.)

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