CO HB1374

Sales and use tax exemption for new or used aircraft purchased by on-demand air carriers applies from July 1, 2014 through June 30, 2019, regardless of purchaser residency status.

Aircraft must remain in Colorado only for final assembly, maintenance, modification, or completion, and must be removed from the state within 120 days of sale.

Aircraft cannot remain in Colorado for more than 73 days in any of the three calendar years following the year of removal from the state.

Aircraft that is hangared or parked overnight counts as being in the state for purposes of this exemption.

Purchasers claiming the exemption must provide an affidavit at time of purchase agreeing to pay applicable taxes if they fail to comply with the removal and residency requirements.