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Refundable exemption for state sales and use tax available for qualified homeowners
The Sales Use Tax Exemption Wildfire Disaster Construction Act (HB23-1240) created a refundable exemption for the state sales and use tax. Qualified homeowners whose construction and building materials, used directly in rebuilding a qualified residential structure due to a declared wildfire disaster between Jan. 1, 2020 and Dec. 31, 2022, may qualify for this exemption. The state has released Form DR 0992: Application for Wildfire Rebuild Exemption Certificate and updated their FAQ page regarding this refund.
To qualify for the refund, you must meet the following criteria:
- You owned a home when it was destroyed in a declared wildfire disaster in 2020, 2021 or 2022;
- You are rebuilding that home, or you have hired a contractor to rebuild or repair that home; and
- The rebuild costs exceed your homeowner’s insurance coverage under any policy associated with the home.
Homeowners can submit Form DR 0992 to Town staff after receiving their building permit to receive a Wildfire Rebuild Exemption Certificate. Residents should submit their DR 0992 form to marshallfire@superiorcolorado.gov
Once a permit and exemption certificate are obtained, homeowners can submit a Wildfire Refund Claim to the Colorado Department of Revenue using their Revenue Online account or by mailing the Wildfire Rebuild Exemption Certificate and building permit to Colorado Department of Revenue, Business Tax Accounting, PO Box 17087, Denver, CO 80217-0087. Wildfire Refund Claims must be submitted to the Colorado Department of Revenue by June 30, 2028.
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