CO HB1240

Establishes economic nexus for remote sellers in Colorado, requiring those exceeding $100,000 in annual sales or reaching that threshold mid-year to collect and remit state and local sales taxes

Requires marketplace facilitators to collect and remit sales taxes on all sales made by marketplace sellers through their platforms, effective October 1, 2019

Codifies destination sourcing rules for sales tax purposes, with exceptions for retailers with sales of $100,000 or less annually, who may source to their business location

Includes definitions for "marketplace facilitator," "marketplace seller," and "multichannel seller" to clarify tax obligations in e-commerce transactions

Repeals obsolete statutory references to remote sellers and eliminates the single license requirement for remote sellers, integrating them into standard retailer licensing