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In regards to what? Buying a new sled?
I bought my 2011 Pro in Wyoming. Colorado does not title snowmobiles so there is no sales tax on sleds purchased out of state. I saved a good chunk with this method. I bought a truck years ago in Montana and brought it back to Colorado. Because it did have a title, Colorado charged me tax during registration.
I'm not sure what happens in Texas.
In regards to what? Buying a new sled?
I bought my 2011 Pro in Wyoming. Colorado does not title snowmobiles so there is no sales tax on sleds purchased out of state. I saved a good chunk with this method. I bought a truck years ago in Montana and brought it back to Colorado. Because it did have a title, Colorado charged me tax during registration.
I'm not sure what happens in Texas.
On your sled sale, did you have it shipped across the state line?
In regards to what? Buying a new sled?
I bought my 2011 Pro in Wyoming. Colorado does not title snowmobiles so there is no sales tax on sleds purchased out of state. I saved a good chunk with this method. I bought a truck years ago in Montana and brought it back to Colorado. Because it did have a title, Colorado charged me tax during registration.
I'm not sure what happens in Texas.
Well unfortunately you are incorrect. All Colorado residents are required to pay consumer use tax on anything they purchase and use that they did not pay sales tax on. (this includes all your online purchases that would have been subject to sales tax if you had bought the item at the corner store.) Just because a sled doesn't go through the titling process and the state doesn't automatically collect sales tax doesn't mean you don't owe it. Colorado form DR 0252 is used to report and pay Colorado consumer use tax. Google it if you don't believe me.
That said, so far there has been little, if any, enforcement. You can expect that to change as the state starts looking for ways to collect more money that is owed to them since they are basically broke. All states are becoming more and more aggressive about enforcing tax laws as they look for more revenue.
I'm a CPA and I deal with this on a regular basis.
im sure your correct but....... there aint NOOO way im filling out a form i have to go get and volunteer to pay this tax happy state! screw'em!!
Thanks for the explanation. So even if you ship something in you are supposed to pay the tax? What's the point of the "Amazon Law" that the legislature was discussing last summer? Was it just enforcement?
It's tough because all states are different. I work all over the west, lately I have been buying tools and materials for jobs. Depending on where I am and where I am buying/shipping something from I get taxed differently. I recently had a steel supplier in IN refund me tax on material I had shipped to WY. I was very surprised to get that call.
I thought Colorado and California lost their legal battle on collecting sales tax from out of state retailers?
For a titled vehicle it is different, but I do know the states lost their battles to collect sales tax from a company that is not within their state limits.
THIS state isn't tax happy - you should see some of the other ones! New York, California and Washington to name a few --
We at least have a balanced budget amendment which prevents us from going beyond broke which is what is happening in a lot of other states.
Like I said, technically you do owe the tax. I have yet to fill one of these forms out and send it in for an individual and I have yet to see the Dept of Revenue try to audit an individual over it. They do it to businesses all the time.
ok sorry.... a FEE HAPPY statehow's that? and if we keep going the direction we are we WILL be the next california, new york, etc.