Colorado has recently renewed a limited time sales tax deduction for restaurants and other similar “qualifying retailers,” which allows eligible retailers to retain and use a portion of their collected state sales tax (equal to the lesser of state net taxable sales or $70,000 for each month in the specified sales tax period).
Source: BDO
Latest Posts in "United States"
- Update Sales and Use Tax: Tax Base and Taxability Updates Across Various States
- Introduction to U.S. Sales Tax Exemptions
- Nexus and Marketplace: Recent Tax Regulation Updates Across California, Georgia, Hawaii, and Louisiana
- California proposes rules for determining proper allocation of Technology Transfer Agreement values
- US Postpones Tariffs on Pharmaceuticals and Wooden Products