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SB 22-006 CO
Became Law

Sales Tax Assistance For Small Bus

CO · session 2022A · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 12, 2022

Latest action (May 16, 2022) Introduced In Senate - Assigned to Finance

Summary

The act permits a retailer with total taxable sales in the amount of $100,000 or less for any filing period to retain 5.3% of the sales tax reported as compensation for the retailer's expenses incurred in collecting and remitting the tax (vendor fee) for sales made in 2023, rather than retaining a 4% vendor fee, which is what current law allows. The act also clarifies that the calculation of the amount that is credited to the housing development grant fund is only based on the changes to the vendor fee from House Bill 19-1245, and not on any subsequent modifications, including the changes made in the act. The act allows the executive director of the department of revenue to deduct processing costs from the electronic payment of taxes and fees in lieu of imposing a convenience fee. (Note: This summary applies to this bill as enacted.)

Sponsors (4)

Action history (16)

  1. May 16, 2022 Governor Signed · executive
  2. May 11, 2022 Sent to the Governor · executive
  3. May 11, 2022 Signed by the Speaker of the House · lower
  4. May 11, 2022 Signed by the President of the Senate · upper
  5. May 10, 2022 Senate Considered House Amendments - Result was to Concur - Repass · upper
  6. May 9, 2022 House Third Reading Passed - No Amendments · lower
  7. May 6, 2022 House Third Reading Laid Over Daily - No Amendments · lower
  8. May 5, 2022 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
  9. May 5, 2022 House Second Reading Special Order - Passed with Amendments - Committee · lower
  10. Mar 28, 2022 House Committee on Finance Refer Unamended to Appropriations · lower
  11. Mar 14, 2022 Introduced In House - Assigned to Finance · lower
  12. Mar 14, 2022 Senate Third Reading Passed - No Amendments · upper
  13. Mar 11, 2022 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
  14. Mar 11, 2022 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
  15. Feb 16, 2022 Senate Committee on Finance Refer Unamended to Appropriations · upper
  16. Jan 12, 2022 Introduced In Senate - Assigned to Finance · upper

Text versions (10)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Signed Act (05/16/2022) · PDF
  • Final Act (05/11/2022) · PDF
  • Rerevised (05/09/2022) · PDF
  • Revised (05/05/2022) · PDF
  • Reengrossed (03/14/2022) · PDF
  • Engrossed (03/11/2022) · PDF
  • Introduced (01/12/2022) · PDF
  • PA2 (05/05/2022) · PDF
  • PA1 (03/11/2022) · PDF
  • Committee Amendment · PDF

Full text

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Data from OpenStates. View on OpenStates →