SB21-282 Summary

• Extends the small retailer exception to sales and use tax destination sourcing rules by repealing the original February 1, 2022 repeal date and implementing a new repeal date of February 1, 2022 contingent on a geographic information system becoming available.

• Modifies Colorado Revised Statutes 39-26-104(3)(c) to repeal the existing subsection (III) and add subsection (IV) with the new February 1, 2022 effective repeal date.

• Modifies Colorado Revised Statutes 39-26-204(2)(b) to repeal the existing subsection (II) and add subsection (III) with the same February 1, 2022 effective repeal date for periodic return and collection requirements.

• Requires the Department of Revenue to notify the Revisor of Statutes within 15 days when a state-provided geographic information system is online and available for retailers to determine taxing jurisdictions.

• Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety.