Colorado § 39-26-711.8 Aircraft - use outside state - on-demand air carriers

Colorado Statutes

§ 39-26-711.8 — Aircraft - use outside state - on-demand air carriers

Colorado § 39-26-711.8

Title 39Taxation

Art.Sales and Use Tax

This text of Colorado § 39-26-711.8 (Aircraft - use outside state - on-demand air carriers) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-26-711.8 (2026).

Text

(1)Notwithstanding section 39-26-711.5, on and after July 1, 2014, but prior to July 1, 2019, the sale of a new or used aircraft shall be exempt from taxation under the provisions of part 1 and part 2 of this article if:

(a)The aircraft is purchased for use by an on-demand air carrier, regardless of whether the purchaser is a resident of the state;

(b)The aircraft will remain in the state only for the purpose of final assembly, maintenance, modification, or completion;

(c)The aircraft will be removed from the state within the longer of the following periods:

(I)One hundred twenty days after the date of the sale; or

(II)Thirty days after the completion of maintenance, interior refurbishment, paint, or engine work associated with the sale of the aircraft; and

(d)The airc

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(1)
Notwithstanding section 39-26-711.5, on and after July 1, 2014, but prior to July 1,
2019, the sale of a new or used aircraft shall be exempt from taxation under the
provisions of part 1 and part 2 of this article if:

(a) The aircraft is purchased for use by an on-demand air carrier, regardless
of whether the purchaser is a resident of the state;

(b) The aircraft will remain in the state only for the purpose of final
assembly, maintenance, modification, or completion;

(c) The aircraft will be removed from the state within the longer of the
following periods:

(I) One hundred twenty days after the date of the sale; or

(II) Thirty days after the completion of maintenance, interior refurbishment,
paint, or engine work associated with the sale of the aircraft; and

(d) The aircraft will not be in the state more than seventy-three days in any
of the three calendar years following the calendar year in which the aircraft is
removed from the state pursuant to paragraph (c) of this subsection (1).

(2) A purchaser of an aircraft who claims the exemption allowed by this
section shall, at the time of purchase and unless the department of revenue
determines pursuant to section 39-26-730 (2) that the affidavit can be consolidated
with another form or eliminated, provide to the seller an affidavit that the aircraft
will be used by an on-demand air carrier and that the purchaser agrees to pay the
tax imposed by part 1 or part 2 of this article 26, as applicable, if the purchaser fails
to comply with the requirements of subsections (1)(b), (1)(c), and (1)(d) of this section.

(3) An aircraft that is hangared or parked overnight shall be considered to be
in the state for purposes of this section.

Legislative History

Source: L. 2014: Entire section added, (HB 14-1374), ch. 375, p. 1791, � 1, effective July 1. L. 2016: (1)(c) amended, (HB 16-1119), ch. 50, p. 117, � 2 effective March 23. L. 2022: (2) amended, (HB 22-1039), ch. 54, p. 254, � 5, effective August 10.