Colorado Retailer Retention of Sales Tax, bill HB22-1406, applies to Colorado sales taxes collected in July, August, and September of 2022. This bill allows a temporary deduction from state net taxable sales for restaurants, bars, and other eating places (food trucks), or catering services in the state. The temporary deduction from state taxable sales for qualifying retailers is equal to the lesser of state net taxable sales or $70,000 each month. Here's what you should know.
Read the full Blog Post: https://rasiusa.com/blog/colorado-retailer-retention-of-sales-tax-and-your-restaurant
Watch the Quick Snippet Video: https://youtu.be/JA8tanVnJVk
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