Audience: owners · Effective: 2026-05-16 · Last reviewed: 2026-05-20

Colorado acquisition-tax-paid attestation

This article explains BorrowHive product behavior. It is not legal or tax advice.

For the Colorado controlled pilot, owners must provide factual information about whether Colorado sales tax was paid when the specific item was acquired, or whether Colorado use tax was later paid.

The attestation is a factual input. It is not an exemption certificate and it does not delegate BorrowHive's tax decision to the owner. BorrowHive may rely on the attested facts for ordinary low-risk pilot listings, but BorrowHive may request proof later.

Owners should not check the attestation if the item was acquired tax-free for resale, rental, lease, business inventory, or under a Colorado lessor election such as DR 0440. Those cases require review before paid checkout can be enabled.

BorrowHive stores the attestation text, version, timestamp, listing, owner, possession location, tax decision, payment references, and audit status. BorrowHive does not require receipts for every ordinary pilot listing at the time of listing, but proof may be required during review.

The attestation is entered on the Add Tool or Edit Tool form for the specific listing. If BorrowHive later requests proof, the upload appears on that listing's Manage Tool page under Colorado tax readiness. Paid Colorado checkout for that item is paused while the evidence is pending.

Acceptable evidence may include a receipt or invoice showing Colorado sales tax, or records showing Colorado use tax was remitted. Examples include a Home Depot store receipt with a Colorado sales-tax line item, an Amazon invoice or order receipt showing tax collected for a Colorado delivery or pickup, or a use-tax filing/payment record that matches the item. Evidence that shows the item was acquired under a lessor election or tax-free acquisition may cause the item to require taxable-rental handling instead of the lightweight pilot attestation path.

Evidence records are retained for audit defense. BorrowHive may reject evidence that does not match the listed item, does not show Colorado sales/use tax paid, belongs to a different owner, or cannot reasonably support the factual attestation.

This upload is part of the tax readiness flow, not a public badge or ranking mechanic. Current gamification plans include owner inventory and readiness progress around adding quality tools, labels, availability, and safe rentals, but they do not grant points, discounts, rankings, or automatic visibility solely for checking a tax attestation or uploading a purchase receipt.