CO Lawmakers Considering Sales Tax Holiday

By: AP
By: AP

DENVER (AP) -- Gimmick or godsend, a retail sales tax holiday for consumers is getting a serious look by Colorado lawmakers.

The state House is scheduled to debate a bill to waive state sales taxes on school supplies and low-cost computers for three days in August during prime back-to-school shopping time.

The Democratic proposal cleared a House committee Friday despite Republican complaints that tax holidays are gimmicks that don't help consumers or retailers. Some Republicans who questioned the idea then went on to vote for it because it is a tax break.

The proposal was amended so that the sales tax holiday would take effect only if personal income tax receipts rise. The tax question now awaits a vote by the full House.

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  • by Evelyn Location: Manitou Springs on Apr 22, 2012 at 07:05 PM
    Politicians need to think of the administrative and accounting nightmares caused to businesses when they introduce new legislation.
  • by Ashley on Apr 20, 2012 at 02:45 PM
    You know how the retailers will still keep there money...they just will sell all the supplies for a little bit more money. And I agree with Bad for is going to take a lot of man hours to switch the items over and then to switch sales tax back.
  • by Bad for retailers on Apr 20, 2012 at 11:58 AM
    All the retail places would need to drop a lot of money to modify and deploy software changes to get this out. And then to classify what does and doesn't qualify for the tax break. All to save the consumer enough money to buy ONE happy meal.
  • by Anonymous on Apr 20, 2012 at 11:22 AM
    a better idea- month of August to have a tax holiday for all retail purchases...
  • by Nath Location: Colo Spgs on Apr 20, 2012 at 10:12 AM
    The state sales tax rate is 2.9%. We are paying a little more than 7% total sales tax inside the city limits so we would still pay more than 4% if this passes. The "savings" on school related purchases would be very small. It's a political gimmick.
    • reply
      by Anonymous on Apr 20, 2012 at 11:01 AM in reply to Nath
      Right? Most people probably spend <$100 on school supplies (unless you're considering clothes etc.), that $3 tax savings is going to be so much help in my family budget.
  • by watching Location: USA on Apr 20, 2012 at 09:31 AM
    I have family in two different states who are lucky to have the sales tax holiday in August when they are shopping for school clothes/supplies. Might be a good thing.
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