Minimum Sales Rate Tax for 2024
| 2.90% | Column content | Column content | Column content | Column content | |
| 3.07% | Column content | Column content | Column content | Column content | |
| 1.23% | Column content | Column content | Column content | Column content | |
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Rtd Greater Denver | Column content | Column content | Column content | Column content | |
| Scientific & Cultural Fac.(cd) | Column content | Column content | Column content | Column content | |
| Regional Transport Authority | Column content | Column content | Column content | Column content | |
| Minimum combined sales tax rate value | 8.2% | Column content | Column content | Column content | Column content |
| Special tax | Column content | Column content | Column content | Column content | |
| Economic sales nexus threshold | $500,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | N/A | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 30th of the month following the reporting period. | Column content | Column content | Column content | Column content |
The statewide state sales tax rate in Colorado is 2.9%, but since the Pikes Peak Rtd tax 1%, El Paso County tax is 1.23% and the city-specific tax 3.07%, the minimum sales tax rate for Colorado Springs is 8.2%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Colorado Springs businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Colorado Springs
A tax bracket schedule is used for determining the tax on various purchase amounts. For purchases up to $0.16, no tax is imposed. Purchases ranging from $0.17 to $0.48 incur a tax of $0.01. For amounts from $0.49 to $0.81, the tax is $0.02. Purchases between $0.82 and $0.99 are taxed at $0.03. For purchases exceeding $0.99, the tax rate is 3.07% on each full dollar of the purchase price, plus the tax amount specified in the schedule for the fractional part of the dollar.
Services
Generally not taxable unless connected to the sale of taxable goods, recreational activities, or repair/maintenance of taxable items.
Goods
Most items like appliances, cars, furniture, sporting equipment, and electronics are subject to sales tax.
Clothing
Taxable.
Electronics
Taxable.
SaaS
Not taxable, as it is classified as a service.
Digital Products
Generally not taxable if delivered electronically.
Software
Taxable when prewritten or downloaded.
Freight/Shipping
Shipping charges for taxable unless separately stated.
Speak to a US sales tax expert today
Schedule a call today
