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CO SB077
Bill
AI Summary
- Exempts the sale of a used motor vehicle from state sales and use tax if a certificate of title was previously issued in Colorado for that vehicle and the taxable value is $20,000 or less
- Exempts storage, use, and consumption of qualified used motor vehicles from state sales and use tax
- Exemption does not apply to local government or political subdivision sales and use taxes that are based on the state sales and use tax
- Allows the Department of Revenue to disclose information about prior state sales and use tax paid as necessary to administer the exemption
- Takes effect August 8, 2018, unless a referendum petition is filed, in which case it requires voter approval at the November 2018 general election
Legislative Description
State Sales Tax Exemption For Used Motor Vehicles
Last Action
House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
5/2/2018
Committee Referrals
State, Veterans, and Military Affairs4/23/2018
Committee of the Whole4/11/2018
Appropriations2/1/2018
Finance1/12/2018
Full Bill Text
No bill text available