SB 18-179 Summary

• Clarifies that certain credits against Colorado's excise tax on tobacco products are adjustments to distributors' total gross purchases rather than tax credits.

• Extends the adjustment for out-of-state sales to apply indefinitely, changing the previous expiration date of September 1, 2018.

• Adds adjustments for tobacco products returned to manufacturers or destroyed by distributors, applying to manufacturer's list price.

• Requires distributors to exclude out-of-state sales from itemized invoices and record-keeping requirements.

• Appropriates $39,039 to the Department of Revenue for 2017-18 fiscal year for implementation, including personnel services, IT system support, and document management services.