SB14-122 Summary

• Permits distributors to claim a tax credit for tobacco products shipped or transported to consumers outside Colorado

• Expands existing tax credit eligibility to include direct-to-consumer out-of-state sales, previously limited to large retailers

• Adds direct consumer sales as a new category alongside existing credits for out-of-state retailer sales, manufacturer returns, and product destruction

• Takes effect August 6, 2014, or upon voter approval if a referendum petition is filed within 90 days of final adjournment

• Applies to tobacco product sales occurring on or after the effective date