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HB16-1119

Modify Sales & Use Tax Exemption For Aircraft

Concerning a modification to the number of days that an aircraft may remain in the state after it is purchased for purposes of the sales and use tax exemption on the purchase of certain aircraft.
Session:
2016 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

One of the criteria to qualify for the sales and use tax exemption on the sale of a new or used aircraft that is purchased in the state is modified. Rather than removing the aircraft from the state within 120 days after the date of the sale, the purchaser of an aircraft is required to remove the aircraft from the state within 120 days after the date of the sale or within 30 days after the completion of certain work on the aircraft that is associated with the sale of the aircraft, whichever is longer.

(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/23/2016 Signed Act PDF
    03/15/2016 Final Act PDF
    03/07/2016 Rerevised PDF
    03/04/2016 Revised PDF
    02/09/2016 Reengrossed PDF
    02/08/2016 Engrossed PDF
    01/20/2016 Introduced PDF
COVID-19 Resources
2021 Ballot Information Booklet (Blue Book)
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.