CO HB1182

Repeals the Colorado sales tax exemption for residents of bordering states that do not impose a retail sales tax.

Eliminates the exemption for retail sales within twenty miles of the state boundary to non-corporate residents of adjacent states who are present for the express purpose of making purchases.

Notes that Nebraska was the only bordering state without a retail sales tax when the exemption was created, and has since implemented a retail sales tax, making the exemption obsolete and unclaimed.

Simplifies Colorado tax administration by removing an outdated and unutilizable tax expenditure from statute.

Takes effect August 5, 2020, or upon voter approval if a referendum petition is filed within the ninety-day period following final adjournment of the general assembly.