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Sales of a new or used aircraft to nonresidents of Colorado for use outside of Colorado are exempt under certain circumstances. To qualify for the exemption, the aircraft must be sold to a nonresident and removed from the state within the longer of the following: ⮚ 120 days after the date of the sale or.
Colorado imposes sales and use tax on the purchase and use of aircraft in Colorado at a rate between 2.9% and 11.2%, depending on the specific county/city. That means for an aircraft costing $1M, a purchaser could be subject to a $100K+ tax bill, and for an aircraft costing $50M, a purchaser could be subject to a $5M+ tax bill.
AIRCRAFT PURCHASED BY NONRESIDENTS. Sales made on or after August 5, 2008, of new or used aircraft are exempt if the following three conditions are met: The aircraft is sold to a nonresident of Colorado; The aircraft will be removed from the state within 120 days after the date of the sale;
31 gru 2023 · Aviation Fuel Excise Tax. Colorado imposes an excise tax on aviation gasoline and jet fuel acquired, offered for sale, sold, or used in this state. Excise fuel tax are due when removed from a terminal or imported into the state. The tax is calculated on gross gallons acquired.
One limited exemption allows you to avoid the sales tax in the state where you purchased an aircraft if you take delivery of it out of state or intend to ship it out of the state within a specified time frame.
AIRCRAFT PARTS EXEMPTION—Section 39-26-711(1)(b) and (2)(b), C.R.S., provides a sales and use tax exemption for the sale, storage, or consumption of aircraft components and parts that are permanently affixed to an aircraft.
13 gru 2022 · The Colorado Department of Revenue Dec. 1 published revised guidance on the sales and use tax treatment of aircraft in the state. Under certain circumstances, sales of aircraft and aircraft parts are exempt from sales and use taxes.
