Yuma County has no sales tax or use tax
Retail Sales Tax
* Sales Tax Exemptions: Includes items used in agricultural operations, groceries, pharmaceuticals, and others.
- Use tax is imposed on the storage, use of consumption in Colorado
of tangible personal property upon which a sales tax has not been paid.
- Use tax does not apply to property purchased for resale within the regular course of business.
- Yuma County has no use tax.
Every corporation, domestic and foreign, which is located in or doing business in the state is subject to the corporate income tax.
Small business which file under Subchapter "S" of the Internal Revenue Code, insurance companies subject to insurance tax, and others not subject to federal income tax are exempt from the Colorado corporate income tax.
The corporate income tax rate is a flat 4.63 percent.
CORPORATE INCOME TAX
INDIVIDUAL INCOME TAX
TAX & SPENDING LIMITATION (TABOR AMMENDMENT)
In 1992, this amendment to the State Constitution was voted on and passed. This amendment requires that all tax increases be voted on by the people and limits government spending to the increase in population plus inflation.