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What are the exemptions for Colorado state income tax?

Colorado charges the same income tax rate for its residents regardless of how much you make. The standard deduction in Colorado is $12,550 for single taxpayers and $25,100 for married filers. The state does not have personal exemptions.

Who qualifies for sales tax exemption in Colorado?

Organizations that are exempt from federal income tax under 501(c)(3) will generally be approved for a sales tax certificate of exemption in Colorado.

What items are tax exempt in Colorado?

State Sales Tax Exempt Products Services Food, including food sold through vending machines. Residential Energy Usage(opens in new window) - all gas, electricity, coal, wood and fuel oil. Medical Equipment Medicine. Coins and Precious Metal Bullion. Farm Equipment. Seeds, Plants and Trees. Pesticides.

Is produce taxed in Colorado?

Sales of food are exempt from the sales tax ( Sec. 39-26-707(1)(e), C.R.S., 96-170f), and the storage, use, or consumption of food is exempt from the use tax, with the exception of candy and soft drinks (see below).

Does Colorado have a manufacturing exemption?

Colorado law defines machinery, eligible for exemption, as any apparatus consisting of interrelated parts used to produce an article of tangible personal property. The exemption applies to both the basic unit and any adjunct or attachment necessary for the basic unit to accomplish its intended function.

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