Kansas Reduces the Discount Rate for Colorado Retailers to Zero

In a revenue notice, Kansas announced that the discount rate extended to Colorado retailers for collecting and remitting Kansas compensating use tax will be reduced to 0% beginning with returns filed on or after July 1, 2009. This came as a result of Colorado announcing a reduction in its discount rate to zero for Colorado retailers as well as Kansas retailers who collect and remit Colorado compensating use tax. (Notice 09-08, Kansas Department of Revenue, June 26, 2009)

Posted on July 9, 2009