- H.B. 1041 signed into law in Colorado on April 4, 2024
- Legislation aims to streamline sales and use tax filing processes
- Home rule localities not using SUTS cannot collect tax without in-state presence
- Retailers can opt to collect or remit tax or enter into voluntary agreement
- Starting January 1, 2025, taxpayers collecting less than $600 can file quarterly
- Department of Revenue can raise threshold starting January 1, 2026
- Refer to H.B. 1017 (2023) for details on SUTS system
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
