Legal Issues #108525-Colorado Sales Tax

Video Transcription

Video Summary

In Colorado, tangible personal property subject to sales tax includes physical goods and digital goods delivered or stored digitally, such as furniture, clothing, videos, music, e-books, and prepared food. Sales tax applies to property sold, rented, or leased at retail, unless exempt by statute. Exemptions vary by type of good or service and consumer, and may differ across local jurisdictions. Real property (land, buildings) and intangible personal property (stocks, bonds, contracts) are not subject to Colorado sales tax. Detailed definitions and guidance can be found in Part 2 of the Colorado Sales Tax Guide.

Asset Caption

This brief video is from the Colorado Division of Revenue webinar on sales tax. Note how the description of tangible, intangible and real property determines taxability.

Keywords

Colorado sales tax

tangible personal property

digital goods

sales tax exemptions

retail sales tax