Dr 0024 2016 form-2026

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  1. Click ‘Get Form’ to open the dr 0024 2016 form in the editor.
  2. Begin by entering the Dealer Name and Dealer Number in the designated fields. Ensure that these details match your sales tax account information.
  3. Fill in the Gross Selling Price, Gross Amount of Trade-in (if applicable), and Net Selling Price. This section is crucial for accurate tax calculations.
  4. Provide vehicle details including Model Year, Make, Body Type, and Vehicle Identification Number (VIN). If there’s a trade-in, repeat this for the trade-in vehicle.
  5. Enter Purchaser’s Name and Address accurately to ensure proper documentation.
  6. Complete the Sales Tax Collected section by inputting the amounts collected for state, city, and special district taxes. Double-check these figures for accuracy.
  7. Finally, review all entries for completeness before saving or printing your completed form.

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Vehicles purchased outside of Colorado Motor vehicle sales made outside of Colorado are not subject to Colorado sales tax. Generally, a vehicle sale occurs at the location where the purchaser takes possession of the vehicle.
A Colorado Resale Certificate (DR 0563 Form) is an official document issued by the Colorado Department of Revenue that allows businesses to purchase goods intended for resale without paying sales tax to the Colorado State. Sales Tax Exemption Certificate is issued in the form of a Sales Tax License.
Taxable Value: This is calculated using a percentage of the Manufacturers Suggested Retail Price (MSRP) and remains constant throughout the life of the vehicle. The taxable value of passenger cars is 85% of the MSRP; the taxable value of a truck is 75% of the MSRP.

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