DR 1002 Form Updates

The DR 1002 was last updated as of January 1, 2023 with current tax and service fee rates. All state-administered sales taxes or rate changes may become effective only on January 1 or July 1. The DR 1002 lists Colorado sales and use tax rates throughout the state. The recent changes to the DR 1002 were the following:

  • If the retailer’s total taxable sales for the filing period are $100,000 or less, the vendor fee is 5.3%.
  • If the retailer’s total taxable sales for the filing period are more than $100,000, but not more than $1,000,000 the vendor fee is 4.0%.
  • The total allowable vendor fee for the filing period is $1,000. 
  • If the retailer’s total taxable income for the filing period is more than $1,000,000 no vendor fee is allowed. 

In applying these rules, all of a retailer’s taxable sales from all of their locations are considered. This means that Colorado’s smallest businesses will see the boost in retention. The vendor fee is still subject to the $1,000 per filing period cap and is still also capped for taxpayers with for $1,000,000 in net taxable sales. For these taxpayers, their vendor fee is $0.00. 

The total tax rate for any jurisdiction must be computed by adding all taxes applicable to that jurisdiction. For more information about semi-annual sales and use tax rate changes, visit the Sales Tax Rate Changes webpage. You can also use the Colorado Sales Tax Lookup Tool to look up sales and use tax rates in Colorado.