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SB21-282

Continue Small Business Destination Sourcing Exception

Concerning an extension of the small retailer exception to the sales and use tax destination sourcing rules.
Session:
2021 Regular Session
Subjects:
Fiscal Policy & Taxes
Local Government
Bill Summary

By enacting House Bill 19-1420 House Bill 19-1240 in 2019, the state codified the department of revenue's destination sourcing rule for state sales and use tax collection for sales and use taxes imposed by any statutory incorporated town, city, or county and for special districts. That bill allowed small retailers to source their sales to the business' location regardless of where the purchaser receives the tangible personal property or service until 90 days after a geographic information system provided by the state is online and available for the retailer to determine the taxing jurisdiction in which an address resides. On April 1, 2021, the department of revenue issued a notice that the geographic information system is online and meets the requirements. Therefore, under current law, the small retailer exception to the sales tax destination sourcing rules will repeal on June 30, 2021.

This bill allows small retailers to source their sales to the business' location regardless of where the purchaser receives the tangible personal property or service until February 1, 2022.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(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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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/30/2021 Signed Act PDF
    06/15/2021 Final Act PDF
    06/07/2021 Rerevised PDF
    06/03/2021 Revised PDF
    05/27/2021 Reengrossed PDF
    05/26/2021 Engrossed PDF
    05/19/2021 Introduced PDF
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