HB 15-1228 Summary

• Modifies Colorado's special fuel excise tax to apply only to liquefied petroleum gas (LPG) actually used to propel motor vehicles, rather than all LPG acquired or sold in the state.

• Establishes that LPG placed in fuel tanks is taxed at the point of placement, and LPG carried in cargo tanks used to propel cargo tank motor vehicles is taxed based on miles traveled (calculated using odometer readings).

• Creates an exemption for retail sellers of non-vehicular LPG who submit a signed affidavit and post conspicuous signage stating the LPG is not for motor vehicle use.

• Waives penalties and interest on LPG excise taxes collected between January 1, 2014, and January 1, 2016, and requires refunds of any such penalties already collected.

• Appropriates $73,440 to the Department of Revenue for 2015-16 to update the fuel tracking system, with most provisions effective January 1, 2016.