CO HB1457

Codifies the existing Department of Revenue rule clarifying the sales and use tax exemption for electricity, coal, wood, gas, fuel oil, or coke sold for residential use.

Defines "residential use" as the use of energy sources for domestic purposes including lights, refrigerators, stoves, water heaters, space heaters, air conditioners, and other household items requiring power or fuel.

Establishes that residential use is presumed when a utility company charges a residential utility rate, and the utility company may conclusively rely on this presumption.

Defines "residence" to include separate dwellings in multi-unit buildings (apartments, condominiums, townhouses, mobile trailer parks) or single-unit dwellings billed under single or master utility meters, plus minor associated buildings like sheds, garages, or barns.

Applies the exemption to both sales and purchases (Part 1) and storage, use, or consumption (Part 2) of residential energy sources.