Sales Tax Assistance Signed by CO Governor

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Signed by the Governor, H.B. 20B-1004 allows a temporary deduction from state net taxable sales for qualifying retailers in the alcoholic beverages drinking places industry (including breweries and taprooms), the restaurant and other eating places industry, and the mobile food services industry in the state in order to allow such qualified retailers to retain the resulting sales tax collected as assistance for lost revenue as a result of the economic disruptions due to the presence of coronavirus disease 2019 (COVID-19) in Colorado.

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