CO HB1119

Modifies the aircraft sales tax exemption to allow aircraft to remain in Colorado for the longer of two periods: 120 days after the sale date OR 30 days after completion of maintenance, interior refurbishment, paint, or engine work associated with the sale.

Applies the same modification to the on-demand air carrier aircraft exemption under Colorado Revised Statutes 39-26-711.8, which was set to expire July 1, 2019.

Effective for aircraft sold on or after July 1, 2016.

Approved by Governor John Hickenlooper on March 23, 2016.