Today, Governor Polis signed the first bill of the legislative session into law. The bipartisan HB22-1027 Sales Tax Destination Sourcing Rules Exception provides relief and reduces paperwork for small businesses by extending the deadline for Colorado small businesses to comply with the Sales and Use Tax system for purposes of destination sourcing from February 1, 2022 to October 1, 2022.
“Our administration is focused on providing real relief, reducing regulations and cutting red tape for small businesses which are an economic engine for so many communities across our state,” said Governor Polis. “I am proud to support our small businesses that create good jobs, strengthen our communities and economy. I thank the sponsors for their important work to bring this legislation to my desk and to the legislature for moving this bill quickly.”
The bill, sponsored by Representative Kevin Van Winkle, Representative Cathy Kipp, Senator Jeff Bridges, and Senator Rob Woodward garnered broad bipartisan support and passed both the Senate and House unanimously. The bill was signed administratively.
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