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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2017-00556


CCR details

Tracking Number 2017-00556
Type of Filing Permanent Rule
Department 200 Department of Revenue
Agency 201 Taxpayer Service Division - Tax Group
CCR Number 1 CCR 201-4
CCR Title SALES AND USE TAX

Proposed rule

Notice Filed with SOS 11/13/2017
Rule ProposedRuleAttach2017-00556.pdf
Additional Information AddInfoAttach2017-00556.pdf
Statutory Authority The statutory basis of this rule is §§ 39-21-112(1) and 113, C.R.S. and §§ 39-26-102(19), 102(22), 105(3), 204(2), 703(1), 704(1), 708, 713(2)(d) and 718, C.R.S.
Description of Subjects/Issues The purpose of this rule is to establish the requirements a retailer must meet to be relieved of liability for the collection of sales and use tax. Revisions to this rule include the creation of a standard of due diligence for retailers when exempting a purchaser from sales or retailer’s use tax and a defined set of records that must be kept by the retailer exempting the sale. The due diligence requirement lists steps a retailer must take to confirm a purchaser's exemption status at the time of sale including: 1) confirming a license or exemption certificate is current and valid, 2) considering whether the goods sold are consistent with the purchasers claim for exemption, and 3) verifying that the payment comes from funds drawn from the entity claiming the exemption. The rule further establishes specific records a retailer must keep when documenting sales that are exempt from sales or use tax
Purpose/Objective of Rule The purpose of this rule is to establish the requirements a retailer must meet to be relieved of liability for the collection of sales and use tax.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
Hearing Date 12/20/2017
Hearing Time 09:00 AM
Hearing Location 1375 Sherman Rm 127
Contact Name Erika Hoxeng
Contact Title Tax Policy Analyst
Contact Telephone 303-866-4805
Contact email erika.hoxeng@state.co.us

Adopted rule

Adopted Rules AdoptedRules02017-00556.doc
Adopted Date 06/14/2018
AGO requested date 06/14/2018
Attorney General Opinion 06/28/2018
Colorado Register publication date 07/10/2018
Effective Date 07/30/2018
Inserted into CCR 07/31/2018