CO HB1320

Exempts private transfers of off-highway vehicles from sales tax if transferred between individuals (neither being dealers) on or after July 1, 2014, and before July 1, 2021.

Requires all off-highway vehicle transfers to have a certificate of title on or after July 1, 2021, with an exception maintained for vehicles used exclusively for agricultural purposes on private land.

Authorizes off-highway vehicle dealers to electronically access the Department of Revenue's ownership and lienholder records to verify vehicle information and prevent fraud, similar to existing authority for motor vehicle dealers and insurers.

Allows dealers to purchase untitled off-highway vehicles originally purchased before July 1, 2021, from private individuals by obtaining a signed affidavit from the seller, then use the affidavit to obtain a title from the department.

Becomes effective 90 days after final adjournment of the general assembly (August 5, 2020), or later if subject to a successful referendum petition.