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CO HB1012
Bill
Status
Passed
3/26/2015
Primary Sponsor
Jon Becker
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AI Summary
- Exempts all sales of dyed diesel from Colorado state sales tax under Part 1 of the tax code.
- Exempts the storage, use, or consumption of dyed diesel from Colorado state use tax under Part 2 of the tax code.
- Defines "dyed diesel" by reference to the definition in Section 39-27-101(8) of Colorado law.
- Streamlines tax collection by providing uniform tax treatment for all dyed diesel regardless of its end use, eliminating administrative burden on retailers.
- Eliminates prior inconsistent taxation where dyed diesel used in certain applications like hospital generators or semitrailer auxiliary power units was subject to tax while most other uses were exempt.
Legislative Description
Sales & Use Tax Exemption For Dyed Diesel
Last Action
Governor Signed
3/26/2015
Committee Referrals
Finance2/25/2015
Transportation and Energy1/21/2015
Finance1/7/2015
Full Bill Text
No bill text available