Sales & Use Tax Destination Management Company

Destination management companies (DMCs) are companies that have specialized local knowledge, expertise, and resources and provide or arrange events, tours, transportation, and other logistics for events (destination management services). Currently, DMCs are charged sales and use tax on goods and services that they purchase in connection with providing destination management services in Colorado. The bill exempts a DMC from being assessed sales and use tax on fees charged by the DMC for the provision of destination management services to clients.(Note: This summary applies to this bill as introduced.)