Colorado Sales Tax Registration Permits Expiring in 2011
- Sales Tax News
- Nov 7, 2011 | Susan McLain
If you qualify as a reseller and have properly obtained a sales tax registration permit from the state of Colorado, the license might expire this year. According to the Department of Revenue, “most licenses are valid for a two-year period and expire at the end of each odd-numbered year.”
Why should you care whether your license expires? Well, to renew it of course, but also because it may affect your exemption certificate validity. In Colorado, resale, or exemption, certificates do not expire, however your registration permit does. While you are not required to replace your certificate, the DOR is getting very aggressive about wanting companies to get new documentation to maintain the validity of the certificate.
Businesses who collect and maintain customer exemption certificates should be aware of this caveat in the law and be mindful as 2011 comes to a close that their customers may need to submit new information or documentation to maintain the validity of their exemption certificate.
Stay abreast of managing your exemption certificates and communicating with your customers in a timely manner with AvaTax Certs. Learn more at www.avalara.com/products/avatax/certs or call 877.780.4848 today.