§ 29-2-212 — Qualified purchasers

(1) A qualified purchaser may provide a
direct payment permit number issued pursuant to section 39-26-103.5 to any
vendor or retailer that is liable and responsible for collecting and remitting any
statutory local government, special district, or requesting home rule jurisdiction
sales or use tax imposed on any sale made to the qualified purchaser pursuant to
the provisions of this article 2. A vendor or retailer that has received in good faith
from a qualified purchaser a direct payment permit number shall not be liable or
responsible for collection and remittance of any sales or use tax imposed on such
sale that is paid for directly from such qualified purchaser's funds and not the
personal funds of any individual.

(2) A qualified purchaser that provides a direct payment permit number to a
vendor or retailer shall be liable and responsible for the amount of sales or use tax
imposed on any sale made to the qualified purchaser pursuant to this article 2 in the
same manner as liability would be imposed on a qualified purchaser for state sales
or use tax pursuant to section 39-26-105 (5).

Legislative History

Source: L. 2024: Entire part added with relocations, (SB 24-025), ch. 144, p. 543, � 1, effective July 1, 2025.