Colorado SB128 exempts destination management companies from sales and use tax on fees for event planning services until December 31, 2032.

Colorado SB128 exempts destination management companies from sales and use tax on fees charged for event planning services, including booking entertainers, coordinating tours, and managing events. This exemption applies to companies that meet specific criteria, such as having at least three full-time employees and not preparing or serving food. The exemption is effective from July 1, 2027, until December 31, 2032. The bill also includes a tax preference performance statement to measure the economic impact of destination management companies in Colorado.

Colorado SB128 exempts destination management companies from sales and use tax on fees for event planning services until December 31, 2032.

Colorado SB128 exempts destination management companies from sales and use tax on fees charged for event planning services, including booking entertainers, coordinating tours, and managing events. This exemption applies to companies that meet specific criteria, such as having at least three full-time employees and not preparing or serving food. The exemption is effective from July 1, 2027, until December 31, 2032. The bill also includes a tax preference performance statement to measure the economic impact of destination management companies in Colorado.