Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB18-179

Extend Credit For Out-of-state Tobacco Sales

Concerning adjustments to total gross purchases for purposes of calculating the excise tax on tobacco products, and, in connection therewith, making an appropriation.
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes
Bill 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 and requires the distributor to maintain certain records related to the out-of-state sales to consumers.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Did Not Become Law

Bill Text