Tax & Accounting Blog

Potential Back to School Sales Tax Holiday for Colorado

Indirect Tax, ONESOURCE, Sales and Use Tax February 3, 2012

If passed, House Bill 1269 would exempt eligible items from Colorado’s 2.9% sales tax from 3 August to 5 August 2012. Supporters of the bill say it will help struggling families afford school supplies and clothing for the 2012-2013 school year including:

Clothes (less than $100 unless noted)

  • Apparel
  • Footwear
  • Sport or recreational equipment

School Supplies (less than $50)

  • Art Supply
  • Backpack
  • Binder
  • Book bag
  • Calculator
  • Chalk
  • Clay
  • Compass
  • Composition Book
  • Computer (less than $1500)
  • Crayons
  • Dictionary/Thesaurus
  • Dry Erase Marker/Eraser
  • Glue/Paste
  • Highlighter
  • Index Cards
  • Lunch Box
  • Map/Globe
  • Markers
  • Notebook/Dividers
  • Paper
  • Pencil Boxes
  • Pencil Sharpener
  • Pencils
  • Pens
  • Protractor
  • Reference Book
  • Ruler
  • Scissors
  • Tape
  • Textbook
  • Workbook

A time has not yet been set for discussion in the House, but we will continue to monitor this legislation and post updates.

Source: http://www.thedenverchannel.com/news/30219431/detail.html