Everyone using a payment processor and selling online will see a cost increase when tney sell to Colorado. Even if they are not directly colllecting the fee. As to enfocement, that is up to the state of Colorado to figure it out. Will they catch everyone who does not sign up for a sales and use tax account and for the delivery fee account – no. But to those who get caught, it will be a royal pain in the a$$
]]>while exempting the tax from 99%(?) of marketplace sellers, INDIVIDUALLY, who make less than 100,000 in sales,
(as they claim ‘NOT to worry’, we are not taking it from you….
they will now collect this fee from the MARKETPLACE, which does make >100,000 in sales (at least as a conglomerating individual sellers amounts)
]]>@mbrj201 – Purportedly only TAXABLE purchases will be subject to the 27c. I don’t think most prescriptions are taxable.
You can bet that Marketplace Facilitators are going to comply – and yes, it’s forced on them. The huge additional expense and time they will have to use is definitely not anything that any business wants. They will buckle under because they’re the biggest targets for compliance — if they don’t comply they’ll be the first ones Colorado goes after.
]]>Can’t wait for them to close the “loophole” for customers using In-Store Pickup.
]]>I honestly do not know how to respond to that statement. Does the person who wrote it actually BELIEVE it? OF COURSE these sellers certainly are going to worry!!!!!!!!!!!! They may not have to collect and remit the fee personally, but you bet they are going to be HURT because their Marketplace Facilitator will pass along not only the 27 cents but the costs of what will be a MASSIVE expense for them to implement having to collect and remit the fee !!!! And those under-100K individuals may experience fewer customers, who simply can’t or won’t pay additional costs for shopping online.
The ONLY good thing about this horrific end run is that it does reward local shoppers who actually go to stores to make purchases instead of buying online, so it is helping Mom and Pop local in-person businesses. Not very much at all, but it is helping.
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