Fill in a Valid Colorado Exemption Template Access Your Colorado Exemption Now

Fill in a Valid Colorado Exemption Template

The Colorado Exemption Form is a document used to certify that certain purchases are exempt from sales tax. Businesses and organizations, such as wholesalers, retailers, and governmental agencies, utilize this form to avoid paying sales tax on eligible transactions. Proper completion and submission of this form are essential for compliance with state and local tax regulations.

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Article Structure

The Colorado Exemption form, officially designated as DR 0563, serves a critical role in the state's sales tax framework. This form enables qualifying entities—such as wholesalers, retailers, manufacturers, and charitable organizations—to claim exemption from sales tax on eligible purchases. To utilize this form, the buyer must provide essential information, including their name, address, and the nature of their business. The form requires the buyer to certify that they are registered with relevant states and cities where purchases will be made for resale or lease. Additionally, it outlines specific categories under which an exemption may apply, such as political subdivisions or governmental agencies. Buyers must also disclose the general description of products intended for purchase under this exemption. Importantly, the form includes a declaration that if any tax-exempt property is later used in a taxable manner, the buyer is responsible for remitting the appropriate tax to the taxing authority. This form must accompany each order unless canceled in writing, ensuring compliance with state and local sales tax laws. For sellers, the form acts as a safeguard against potential tax liabilities, provided they exercise due diligence in verifying the legitimacy of the exemption. Misuse of the form can result in significant penalties, underscoring the importance of accurate and honest reporting in sales transactions.

Form Preview Example

DR 0563 (08/30/13)

COLORADO DEPARTMENT OF REVENUE

Denver CO 80261-0013

*130563==19999*

Sales Tax Exemption Certiicate

Multi - Jurisdiction

See page 2 for instructions

Last Name or Business Name

First Name

 

 

Address

 

 

 

 

 

 

 

 

City

 

State

 

ZIP

 

 

 

 

 

 

 

Middle Initial

I Certify That

Name of Firm (Buyer)

Address

City

State

ZIP

Qualiies As (Check each applicable item)

Wholesaler

Retailer

Manufacturer

Charitable or Religious

Political Subdivision or Governmental Agency

Other (Specify)

 

If Other, specify here

1)and is registered with the below listed states and cities within which your irm would deliver purchases to us

which are for resale or lease by us in the normal course of our business which is

 

or

2)that such purchases are exempt from payment of sales or use tax in such states and cities because our buyer is:

Political Subdivision or Governmental Agency

Charitable or Religious

Otherwise Exempt By Statute (Specify)

If Otherwise Exempt By Statue, specify here

City or State

State Registration or ID Number

City or State

State Registration or ID Number

 

 

 

 

City or State

State Registration or ID Number

City or State

State Registration or ID Number

 

 

 

 

City or State

State Registration or ID Number

City or State

State Registration or ID Number

If the list of states and cities is more than six(6), attach a list to this certiicate.

I further certify that if any property so purchased tax free is used or consumed by the irm as to make it subject to a Sale or

Use Tax we will pay the tax due direct to proper taxing authority when state law so provides or inform the seller for added tax billing. This certiicate shall be part of each order which we may hereafter give to you, unless otherwise speciied, and shall be called until canceled by us in writing or revoked by the city or state.

General Description of products to be purchased from seller

Under penalties of perjury, I swear or afirm that the information on this form is true and correct as to every material matter.

Authorized Signature (owner, Partner or Corporate Oficer)

Title

Date (MM/DD/YY)

To Our Customers:

In order to comply with the majority of state and local sales

tax law requirements, it is necessary that we have in our iles a properly executed exemption certiicate from all of our customers who claim sales tax exemption. If we do not have this certiicate, we are obligated to collect the tax for the state in which the property is delivered. If you are entitled to sales tax exemption, please complete the certiicate and send it to us at your earliest convenience. If you purchase tax free for

a reason for which this form does not provide, please send us your special certiicate or statement.

*Lessor: A form DR0440, “Permit to Collect Sales Tax

on the Rental or Lease Basis” must be completed and submitted to the Department of Revenue for approval.

Caution To Seller: In order for the certiicate to be

accepted in good faith by the seller, the seller must exercise care that the property being sold is of a type normally sold wholesale, resold, leased, rented , or utilized as an

ingredient or component part of a product manufactured by the buyer in the usual course of his business. A seller failing

to exercise due care could be held liable for the sales tax due in some states or cities.

Misuse of this certiicate by the seller, lessor, buyer, les- see, or the representative thereof may be punished by ine, imprisonment or loss of right to issue certiicates in some states or cities.

Form Properties

Fact Name Description
Form Title The form is officially titled "Sales Tax Exemption Certificate Multi-Jurisdiction." It is used to claim exemption from sales tax in Colorado.
Form Number This certificate is designated as DR 0563, and it was last updated on August 30, 2013.
Governing Law The use of this form is governed by Colorado state sales tax laws, specifically under the Colorado Revised Statutes.
Eligibility Criteria Eligible entities include wholesalers, retailers, manufacturers, charitable or religious organizations, political subdivisions, and governmental agencies.
Tax Liability If property purchased tax-free is used in a way that incurs sales or use tax, the buyer is responsible for paying the tax directly to the appropriate taxing authority.
Signature Requirement The form must be signed by an authorized individual, such as an owner, partner, or corporate officer, to be valid.
Record Keeping Sellers are required to keep a properly executed exemption certificate on file for all customers claiming sales tax exemption to comply with state and local laws.
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