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HB21-1265

Qualified Retailer Retain Sales Tax For Assistance

Concerning a temporary deduction from state net taxable sales for certain retailers in the state in order to allow such retailers to retain the resulting sales tax collected as assistance for lost revenue as a result of the economic disruptions due to the presence of coronavirus disease 2019 (COVID-19) in Colorado.
Session:
2021 Regular Session
Subjects:
Business & Economic Development
Fiscal Policy & Taxes
Bill Summary

The bill continues for June 2021, July 2021, and August 2021 a temporary deduction from state net taxable sales for qualifying retailers in the alcoholic beverages drinking places industry, the restaurant and other eating places industry, and the mobile food services industry in the state in order to allow such qualified retailers to retain the resulting sales tax collected as assistance for lost revenue as a result of the economic disruptions due to the presence of coronavirus disease 2019 (COVID-19) in Colorado.

The bill also expands the definition of qualifying retailers to include those in the catering industry and the food service contractors industry.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. K. Mullica, Rep. K. Van Winkle
Sen. B. Pettersen, Sen. R. Woodward

Sponsor

Co-sponsor

Upcoming Schedule

Apr
26
Monday

Finance

1:30 pm  |  HCR 0112