Colorado- Colorado Springs Sales and Use Tax Revenue Plunges at Record Level

Colorado Springs sales and use tax revenue plunged a record 21.8% in April from the year before — but the drop was only about half of what city officials had feared. Sales and use tax revenue are critical for the Continue reading Colorado- Colorado Springs Sales and Use Tax Revenue Plunges at Record Level

Colorado- A Shift to Online Shopping has Helped Save some Retail Sales and Tax Revenue in Colorado

Colorado sales tax revenues reached $3 billion in the fiscal year 2019 and were up 5.1% from the prior year. The state of Colorado is facing a $3 billion shortfall for the current and next fiscal year. However, the state is Continue reading Colorado- A Shift to Online Shopping has Helped Save some Retail Sales and Tax Revenue in Colorado

Colorado- As US House approves latest COVID-19 relief package, cities and counties are left wanting

While the U.S. House votes on a fourth COVID-19 relief package to the tune of $484 billion on Thursday, the measure lacks the aid for cities and counties that are losing revenue and making decisions to lay off or furlough Continue reading Colorado- As US House approves latest COVID-19 relief package, cities and counties are left wanting

Colorado- Businesses have 30 extra days to remit sales tax – Payments due April 20, 2020 deferred to May 20, 2020

On Friday the Governor issued an executive order temporarily suspending the requirement for businesses to remit sales tax for 30 days. The executive order is a deferment of the requirement of retailers to remit sales tax for 30 days, penalty Continue reading Colorado- Businesses have 30 extra days to remit sales tax – Payments due April 20, 2020 deferred to May 20, 2020

COLORADO – Loveland Rejects Sales Tax Measures To Fund Transportation, Facilities, Fire Stations

Loveland voters rejected two ballot measures that would have increased the city’s sales tax to 3.5% and raised about $10.5 million in the first year and $224.7 million over the 21-year life of the taxes.  Ballot issue 2A would have added a Continue reading COLORADO – Loveland Rejects Sales Tax Measures To Fund Transportation, Facilities, Fire Stations

COLORADO – Colorado Springs Sales Tax Revenue Rebounds, But There Is ‘Some Concern’

Consumer spending in the Colorado Springs area rebounded slightly in September from a decline in August, according to the latest sales tax revenue report from the Colorado Springs Finance Department. The city’s sales tax revenue in October, which reflects September Continue reading COLORADO – Colorado Springs Sales Tax Revenue Rebounds, But There Is ‘Some Concern’

Colorado – City of Durango Sales Tax Increase

After the approval of ballot question 1-A which was presented to voters on April 2, 2019, the City is authorized to increase the City sales and use tax rates from 3.0% to 3.5%.   After adoption of an ordinance amending Continue reading Colorado – City of Durango Sales Tax Increase

Colorado – Some Small Sellers In Colorado Are Discontinuing Online Transactions Due To The New Taxation Laws

Some Colorado business owners say they are putting the brakes on web-based sales to avoid burdens imposed by new tax rules in the state. Signed by Gov. Jared Polis last week, House Bill 1240 takes effect June, 8 2019. The Continue reading Colorado – Some Small Sellers In Colorado Are Discontinuing Online Transactions Due To The New Taxation Laws

Colorado – Overhaul Of Online Sales Tax System In Works

A bill that would etch controversial rule changes to Colorado’s sales tax collection framework into law received unanimous support from the House Finance Committee on Thursday, April 11. It will now head to the Appropriations Committee as its sponsors race Continue reading Colorado – Overhaul Of Online Sales Tax System In Works

Colorado – Department of Revenue Posts End Date to Sales Tax Grace Period

Grace Period In-state retailers: There is a grace period through May 31, 2019, to comply with sales tax changes to ensure retailers have sufficient time to make the required systems changes. The destination sourcing will be implemented concurrently with the out-of-state retailer Continue reading Colorado – Department of Revenue Posts End Date to Sales Tax Grace Period