Colorado Provides Destination Management Services Sales and Use Tax Exemption

The Colorado Governor signed a law that includes: 1) providing a sales and use tax exemption for a destination management company’s subsequent provision of destination management services to a client of the destination management company; and 2) beginning July 1, 2027, exempting from sales and use tax the sale, storage, use, or consumption of tangible personal property, commodities, or services sold by a destination management company if it has paid the applicable sales or use tax on the items upon their acquisition. The law takes effect 90 days following adjournment of the General Assembly sine die, assuming no referendum petition ...