HB 26-1200

House Bill 26-1200, which has been signed into law in Colorado, provides tax relief for members of the U.S. armed forces who are serving outside the country. It exempts these service members from paying motor vehicle registration fees and reduces their ownership taxes to just $1 while they are deployed overseas. The bill also waives late fees if a service member misses a vehicle registration renewal due to being stationed out-of-state. This law helps support military personnel by reducing financial burdens during their deployments.

Official Summary

Colorado law exempts the owner of a motor vehicle who is a member of the United States armed forces (member) from motor vehicle registration fees and sets the specific ownership tax at $1 while the member is serving outside the United States. This applies to personal motor vehicles and intrastate trucks, truck tractors, trailers, and semitrailers used to transport property. To qualify, the member must show the military order or evidence acceptable to the department of revenue (department) demonstrating that the member served outside the United States. The act repeals a requirement that the member sign an affidavit to qualify for the $1 specific ownership fee or to be exempt from the motor vehicle fee.     Colorado law exempts members from paying late fees for failing to renew a registration for a vehicle if the member was serving outside the state when the registration period expired. The act sets the requirement to qualify for a late fee exception by requiring the member to show the military order or evidence acceptable to the department demonstrating that the member served outside of the state.     The department will notify the member that the vehicle or motor vehicle must not be driven during deployment.(Note: This summary applies to this bill as enacted.)

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