Sales/Use Tax Change
FAQs
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By state statute, any additional sales tax must be refunded to the purchaser or, if unable to, remitted to the taxing jurisdiction. Any additional sales tax collected should be entered on Line 6, Excess tax collected, on the Colorado Retail Sales Tax Return DR0100.
If a lease contract states a different rate from the current rate, what sales tax rate should be collected?
On a lease contract, the sales tax stated in the contract should be collected and remitted until the end of the contract.
