Fenberg’s Bipartisan Bill to Save Small Businesses Money Clears Committee
SB23-143 would exempt small businesses from paying retail delivery fees and allow businesses to pay delivery fees on behalf of consumers
DENVER, CO – Senate President Steve Fenberg’s, D-Boulder, bill to save small businesses money by exempting them from paying retail delivery fees (RDF) cleared the Senate Finance committee today with unanimous support.
Cosponsored by Senator Kevin Van Winkle, R-Highlands Ranch, SB23-143 would exempt small businesses making $500,000 or less in retail sales during the prior year from collecting RDFs. The exemption applies retroactively to July 1, 2022, when RDFs were initially implemented.
Established by SB21-260, a RDF is a $.27 fee that a business must collect from a customer for an item that was delivered to the customer.
“Small businesses bring valuable goods and services to our communities, create good jobs across the state, and contribute to Colorado's strong economy,” said Fenberg. “Senate Bill 143 is a win-win for small businesses and consumers alike. It helps Colorado’s small businesses continue to thrive, simplifies the delivery fee collection processes, and eases the fee burden on consumers.”
The bill also allows businesses, regardless of sales revenue, to pay RDFs on behalf of the consumer, creating a more streamlined, cost-efficient model for businesses and consumers.
SB23-143 now heads to the Appropriations Committee for further consideration. You can follow the bill’s progress HERE.