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RENTAL COMPANY

AUTO RENTAL AUTOMOBILE RENTALS CAR RENTALS COSTUME RENTALS
EQUIPMENT RENTALS FURNITURE RENTALS MEDICAL EQUIPMENT RENTALS MOVIE RENTALS
MOVIE STORE PARTY RENTALS RECEPTION HALL RENT TO OWN
RENTALS RESTAURANT EQUIPMENT RENTALS SKI RENTAL TOOL RENTAL
TUXEDO RENTALS VIDEO RENTALS VIDEO STORE

State

Colorado Department of Revenue
1375 Sherman St
Denver , CO   80261
(303)238-7378
Unless Colorado sales tax is paid when purchasing items to be rented, sales tax must be collected on rental fees for tangible personal property.

If your business is seasonal and you make retail sales during only part of each year (e.g., ski rental shop), you must obtain a standard sales tax license. When you apply for your license, indicate on the "Colorado Business Registration" (CR 0100) which months of the year your retail business will be active. The department will send you returns only for those months during which you do business. The return is due on the 20th of the month following the reporting month. If your seasonal business is conducted in several locations, you must have a separate license for each location. See FYI Sales 9, Sales Tax Licenses.

Link: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1193047059515
Sales tax is also collected on long-term lease payments. Leaser must obtain a sales tax license and complete form DR440, Permit to Collect Sales Tax on the Rental or Lease Basis, for each business location.

Link: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1177017542056
On leases of 36 months or less, the lessor may either pay the tax when purchasing items to be leased or may collect the tax from the customer through the lease payments. However, one method must be chosen and the lessor must use that method for each vehicle or property leased. See Department of Revenue FYI Sales 56, Leases on Motor Vehicles and Other Tangible Personal Property

Link: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1193047059515
Rentals of tax-exempt medical equipment are not sales taxable (ex: crutches, braces, etc.). See FYI Sales #68, Medical and Dental Supplies and Equipment.

Link: http://www.colorado.gov/cs/Satellite/Revenue/REVX/1193047059515

State

Colorado Department of Law
Uniform Consumer Credit Code (UCCC)
1525 Sherman St
Denver , CO   80203
(303)866-4500
Fax: (303)866-5691
Rent-to-Own must file a notification with the UCCC.

Colorado Rental Purchase Agreement Act (5-10-101 thru 1001, C.R.S.) Regulates rentals of personal property where the consumer has the option to purchase the property. Leasers must provide certain WRITTEN disclosures to consumers. This Colorado Law also provides limitations on practices and charges.

Link: http://www.coloradoattorneygeneral.gov/
NOTE:  Local taxes may also be payable in some cases. See DOR FYI #56 for more information.

page last updated 3/23/10

The Colorado Revised Statutes are available on line at http://www.state.co.us/gov_dir/leg_dir/olls/colorado_revised_statutes.htm. You can locate a statute of interest by searching either on the citation given in the database (e.g., 18-5-307) or on a keyword or phrase.

 

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