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HB22-1406

Qualified Retailer Retain Sales Tax

Concerning a temporary deduction from state net taxable sales for certain retailers in the state, and, in connection therewith, making an appropriation.
Session:
2022 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

The bill renews for July 2022, August 2022, and September 2022, after a 10-month hiatus, a temporary deduction from state net taxable sales for qualifying retailers in the alcoholic beverages drinking places industry, the catering industry, the food service contractors industry, the mobile food services industry, the restaurant and other eating places industry, and retailers operating a hotel-operated restaurant, bar, or catering service in the state. The temporary deduction from state taxable sales for qualifying retailers is equal to the lesser of state net taxable sales or $70,000 for each month in the specified sales tax period.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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