CO HB1105

Allows governmental entities holding fuel tax exemption certificates to sell or purchase gasoline and special fuel from other governmental entities without paying state excise tax, provided the fuel is used exclusively for governmental functions and activities.

Requires governmental entities reselling or distributing fuel to keep a copy of the fuel tax exemption certificate on file for any entity purchasing the fuel.

Limits intergovernmental fuel sales to 500 gallons or less per single transaction, unless required for unusual, unforeseen, or emergency circumstances.

Exempts a selling governmental entity from licensee requirements under section 39-27-104 when engaging in fuel sales authorized by this bill.

Takes effect August 6, 2014, and applies retroactively to fuel sales between governmental entities occurring before, on, or after the effective date.