HB 19-1323 Summary

• Exempts occasional sales by charitable organizations from Colorado state sales tax if net proceeds do not exceed $45,000 during the preceding calendar year.

• Defines "occasional sales" as retail sales of tangible personal property, commodities, or services for fund-raising purposes by charitable organizations.

• Removes the previous requirement that occasional sales take place no more than twelve days per year, replacing it with a revenue threshold-based exemption.

• Eliminates the prior $25,000 annual cap on fund-raising sales and creates an exemption that terminates once net proceeds exceed $45,000 in the current calendar year.

• Applies to sales occurring on or after January 1, 2020, with an effective date of August 2, 2019, subject to referendum petition procedures.