Certain provisions of HB19-1240 have changed the sales tax obligations for businesses and individuals who sell products via online marketplaces. This law also defined the different aspects of a retail transaction:
Marketplace -a physical or electronic forum, including, but not limited to, a store, a booth, an internet website, a catalog, or a dedicated sales software application, where tangible personal property, commodities, or services are offered for sale, lease, or rental.
Marketplace Facilitator -an individual or legal entity that operates a marketplace
Marketplace Seller -someone who sells goods through a marketplace facilitator
Multichannel Seller -someone who sells through a marketplace facilitator, but also sells products directly to customers online or in a physical store.