CO HB1011

Clarifies and updates Colorado Revised Statutes section 39-26-721 to define manufactured homes using the definition in section 42-1-102(106)(b) rather than section 24-32-3302(10)

Exempts 48 percent of the purchase price of newly manufactured homes from state sales tax, with subsequent sales of the same manufactured home fully exempt if previously subject to sales tax

Exempts storage, use, or consumption of manufactured homes from use tax under part 2 of article 26 if the manufactured home was previously subject to use tax

Clarifies that these changes are nonsubstantive and do not alter the scope or applicability of the existing tax exemption

Takes effect September 1, 2019, subject to referendum petition approval by Colorado voters at the November 2020 general election