HB 18-1083

HB 18-1083 is a Colorado bill that exempts on-demand air carriers from paying sales and use taxes for aircraft used in commercial flights within or between states. This means companies like Uber Air or similar services won't have to pay these specific taxes when they buy or operate planes for their business. However, local towns, cities, or counties can only offer the same tax break if they explicitly include it in their own laws. The bill has been signed into law, so this exemption is now active and affecting companies that provide on-demand air transportation services.

Official Summary

The bill creates a sales and use tax exemption for aircraft used or purchased for use in interstate or intrastate commerce by an on-demand air carrier. The bill specifies that a statutory town, city, or county may exempt the same items only by express inclusion of the exemption in its initial sales tax ordinance or resolution or by amendment thereto. The bill requires any special district or other limited purpose governmental entity that is authorized by law to levy sales tax upon all transactions or incidents with respect to which the state levies sales tax to levy a tax on the same items. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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