{"id":7002,"date":"2020-07-24T12:00:22","date_gmt":"2020-07-24T18:00:22","guid":{"rendered":"https:\/\/coloradofiscal.org\/?p=7002"},"modified":"2025-08-07T16:28:16","modified_gmt":"2025-08-07T22:28:16","slug":"coronavirus-colorado-sales-tax-revenue","status":"publish","type":"post","link":"https:\/\/coloradofiscal.org\/es\/coronavirus-colorado-sales-tax-revenue\/","title":{"rendered":"El coronavirus aplasta la recaudaci\u00f3n del impuesto sobre ventas en Colorado"},"content":{"rendered":"\n
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By Chris Stiffler, senior economist<\/p>\n\n\n\n

In late March, stay-at-home orders issued by Gov. Polis in response to the coronavirus pandemic caused a sudden halt to the tourism, travel, food service and accommodations industries. The Colorado Department of Revenue recently released their sales tax collections data for April 2020 (the first month of stay-at-home orders) and total net taxable sales for April were 81 percent of what they were the same month a year prior.<\/p>\n\n\n\n

Because Colorado generates much more of its tax revenue from sales tax compared to other states, stay-at-home orders have a huge effect on state and local government budgets. Colorado has the third-highest average local sales tax rates behind Alabama and Louisiana. On average, U.S. states generate about 5 percent of total state and local tax revenue from sales tax. In Colorado that figure is 15 percent. That means local sales taxes are usually the largest revenue source for the General Funds of Colorado cities. <\/p>\n\n\n\n

Accommodations, clothing stores, arts\/entertainment\/recreation, and food service have been hit the hardest. Hotels and other accommodations businesses had the biggest hit from the virus, taking in only 11 percent of the taxable sales in April 2020 as they did in April 2019.  <\/p>\n\n\n\n\n\n\n\n\n\n\n