Tag: Sales Tax
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Aurora council kills proposal to eliminate marijuana excise tax
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Aurora councilmembers shot down a proposal at Monday night’s study session to get rid of the excise tax on marijuana cultivation in the city, saying the city relies on the tax money to pay for road work and debt. In Colorado, on top of regular sales tax rates, the marijuana industry pays an excise tax…
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Colorado to end sales tax for period products, diapers this week
Coloradans will soon be able to purchase period products and diapers without paying state sales taxes, thanks to a new law taking effect Wednesday. The law, House Bill 1055, expands sales tax exemptions for adult and youth diapers and period products including tampons, pads, menstrual cups, sponges, sanitary napkins and panty liners. Originally, the tax…
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Confusion swirls as Colorado imposes new retail delivery fee, catching businesses by surprise
Colorado consumers will start noticing a 27-cent fee on receipts for almost everything that gets delivered to them, including restaurant food, after Colorado’s new “retail delivery fee” took effect July 1. The fee must be collected and paid to the state by retailers “on all deliveries by motor vehicle to a location in Colorado with…
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Denver, four other cities sue Colorado over tax exemption for school building materials
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Five Colorado cities, including Denver, filed a lawsuit against the state Thursday over a new law that exempts building materials used for public schools from sales taxes, arguing it would decrease their revenue base by millions of dollars. Denver, Boulder, Commerce City, Pueblo and Westminster…
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Denver gives preliminary approval to diaper sales tax exemption
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver City Council approved on first reading Monday night a bill that would exempt all diapers from the city’s sales tax. The bill came to Denver not long after Aurora’s council made the same move. Denver City Council member Amanda Sawyer said in a news…
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House panel advances sales tax exemption for period products, diapers
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Period products and diapers would be exempt from sales tax in Colorado under a bill working its way through the state House of Representatives. If passed, House Bill 1055 would expand sales tax exemptions for period products — including tampons, pads, menstrual cups, sponges, sanitary…
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House committee clears bill extending small business exception from destination sourcing tax law
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save The first bill to be acted on in the 2022 General Assembly won a unanimous vote Thursday from the House Business Affairs & Labor Committee and is on the fast-track to the governor’s desk. House…
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Denver City Council makes scathing proclamations against two ballot initiatives
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver City Council made a pair of proclamations Tuesday announcing the council’s fervent opposition to two initiatives set to appear on the November ballot. The proclamations, presented at the governance committee, objected to Initiated Ordinance 303 and Initiated Ordinance 304 — Republican-backed initiatives regarding…
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City officials predict Denver revenue will nearly return to pre-pandemic levels in 2022
In the first discussions of the 2022 city operating budget, officials said they expect Denver’s revenue to recover significantly in the upcoming year, nearly reaching 2019 rates. According to the preliminary revenue forecast, Denver is expected to reach $1.372 billion by the end of 2021 and $1.405 billion in 2022. This is a big improvement…