Effective with the September 2010 Returns.
The Department of Revenue is developing a new computer system to manage Colorado sales and use taxes. They will begin to use the new system when they process September 2010 filing period returns, which are due October 2010. The improved system will allow them to process taxes more efficiently and better assist businesses. But with the improvements will come some changes in how certain types of sales tax filers submit their returns.
No major changes are anticipated for the Colorado sales tax return. However, businesses with more than one location will file a separate return for EACH of the business’s locations- reporting all taxes for that location, including sate and special district sales taxes. The state and special district taxes will not be combined on one sales tax return as currently filed.
Taxpayers who use spreadsheets to file their sales tax will not be able to use their current spreadsheet filing methods after September. There will be an option to electronically file those returns.
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