CO HB1018

Creates a state sales and use tax exemption for college textbooks purchased by college students, effective July 1, 2024, through June 30, 2029.

Defines "college textbook" as new or used textbooks, digital textbooks or guides, or other books required or recommended for college classes and purchased from campus bookstores.

Applies to students attending private colleges, private nonprofit colleges, private occupational schools, seminaries, state colleges or universities, area technical colleges, and local district colleges as defined in state law.

Allows counties and municipalities to voluntarily adopt the exemption by express inclusion in their sales and use tax ordinances or resolutions rather than automatic application.

Establishes measurement of effectiveness based on total money saved by college students from the state tax exemption and automatically repeals the exemption on July 1, 2032.