WHAT IS REQUIRED FOR LICENSING, REPORTING FINAL SALES TAX DUE, AND PAYMENT OF TAX DUE ON TANGIBLE BUSINESS ASSETS?
In Windsor, a sales tax license terminates the day the business changes ownership or quits. No license shall be transferable. The new owner is required to obtain a new sales tax license prior to the first day of business under their ownership. A Final sales tax return and payment must be remitted to the Town of Windsor within fifteen (15) days after the business is sold or the taxpayer quits business. A final return must include all current and delinquent sales tax, penalty and fees collected through the last day of business. Sales tax must also be remitted for tangible personal property assets acquired with the purchase or transfer of possession of the business based on the purchase price paid, within fifteen (15) days of purchase. Colorado Department Of Revenue requires payment within twenty (20) days of purchase (see CDOR FYI Sales 74 for more state information). Tangible assets do not include tax on inventory that is intended to be resold to the public in the course of regular busi
