Colorado: File on Time and Get a Discount
- May 26, 2014 | Gail Cole
The Colorado Department of Revenue will once again offer a discount for returns filed on time. Beginning July 1, 2014, the service fee (also known as the vendor’s fee or the discount fee) will be 3.33%. It is currently 2.22%.
The service fee rate of 3.33% applies to the following:
- Colorado state sales tax;
- Colorado state retailer’s use tax;
- Aviation sales tax; and
- RTD/CD (Denver metro area) special district taxes.
The service fee does not apply to state-collected local jurisdictions. However, taxpayers are advised to keep on top of those rates, which do change periodically. Additional information is available on Colorado Sales/Use Tax Rates, DR 1002.