SB 128 CO
Sales & Use Tax Destination Management Company
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Summary
This bill exempts destination management companies from Colorado state sales and use tax on the sale, storage, use, or consumption of tangible personal property, commodities, and services, effective July 1, 2027. The exemption applies only when the destination management company has already paid the state sales or use tax on those items or services at the time of acquisition. This provision prevents double taxation by allowing companies that have already paid tax on goods and services to resell them without incurring an additional state tax burden.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
The act exempts the sale, storage, use, or consumption of tangible personal property, commodities, or services sold by a destination management company from state sales and use taxation, beginning July 1, 2027. The exemption only applies if the destination management company has already paid the state the applicable sales or use tax on the property, commodities, or services upon acquisition.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- B. Kirkmeyer Republican · sponsor
- M. Snyder Democratic · sponsor
- M. Lukens Democratic · sponsor
- Y. Zokaie Democratic · sponsor
15 coauthors / cosponsors
- S. Bright Republican · cosponsor
- M. Catlin Republican · cosponsor
- J. Coleman Democratic · cosponsor
- L. Frizell Republican · cosponsor
- W. Lindstedt Democratic · cosponsor
- L. Liston Republican · cosponsor
- J. Marchman Democratic · cosponsor
- K. Mullica Democratic · cosponsor
- B. Pelton Republican · cosponsor
- R. Pelton Republican · cosponsor
- D. Roberts Democratic · cosponsor
- C. Simpson Republican · cosponsor
- R. Gonzalez Republican · cosponsor
- B. Marshall Democratic · cosponsor
- J. McCluskie Democratic · cosponsor
Action history (17)
- May 4, 2026 Governor Signed · executive
- Apr 23, 2026 Sent to the Governor · executive
- Apr 22, 2026 Signed by the Speaker of the House · lower
- Apr 22, 2026 Signed by the President of the Senate · upper
- Apr 17, 2026 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Apr 16, 2026 House Third Reading Passed - No Amendments · lower
- Apr 14, 2026 House Third Reading Laid Over Daily - No Amendments · lower
- Apr 13, 2026 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Apr 9, 2026 House Second Reading Laid Over Daily - No Amendments · lower
- Apr 6, 2026 House Committee on Finance Refer Amended to House Committee of the Whole · lower
- Mar 25, 2026 Introduced In House - Assigned to Finance · lower
- Mar 25, 2026 Senate Third Reading Passed - No Amendments · upper
- Mar 24, 2026 Senate Second Reading Passed with Amendments - Committee · upper
- Mar 23, 2026 Senate Second Reading Laid Over to 03/24/2026 - No Amendments · upper
- Mar 20, 2026 Senate Second Reading Laid Over to 03/23/2026 - No Amendments · upper
- Mar 17, 2026 Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Feb 25, 2026 Introduced In Senate - Assigned to Finance · upper
Full text
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