CO HB1027

Creates permanent state sales and use tax exemption for baby and toddler products starting January 1, 2025, including cribs, strollers, safety gates, monitors, clothing, bottles, wipes, and changing tables.

Establishes temporary 14-day sales tax holidays for back-to-school items: January 1-14, 2025 and July 24-August 6, 2025, with per-item cost limits of $100 for clothing/bags, $50 for school supplies, $30 for learning aids, and $1,500 for computers.

Allows towns, cities, and counties to adopt identical sales tax exemptions for both baby/toddler products and back-to-school items during the same periods as the state exemptions.

Requires the State Auditor to identify data sources and estimate taxpayer savings from the exemptions during future evaluations.

Takes effect 90 days after final adjournment of the general assembly, subject to referendum petition and potential voter approval in November 2024.