NOTE: The governor signed this measure on 3/23/2016.
      
      
      HOUSE BILL 16-1119
      
      
      BY REPRESENTATIVE(S) Thurlow, Becker K., Arndt, Fields, Kagan,
      Kraft-Tharp, Pabon, Priola, Rosenthal, Roupe, Sias, Vigil, Willett,
      Williams, Windholz, Winter, Wist;
      also SENATOR(S) Holbert, Baumgardner, Cooke, Crowder, Grantham,
      Heath, Hodge, Jahn, Lambert, Lundberg, Marble, Martinez Humenik,
      Merrifield, Scheffel, Scott, Tate, Todd, Woods, Cadman.
      
      
      Concerning a modification to the number of days that an aircraft
           may remain in the state after it is purchased for purposes of
           the sales and use tax exemption on the purchase of certain
           aircraft.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-26-711.5, amend
      (1) (b) as follows:
      
           39-26-711.5.  Aircraft - use outside state. (1)  The sale of a new or
      used aircraft shall be exempt from taxation under the provisions of part 1
      of this article if:
      
           (b)  The aircraft will be removed from the state within the longer
      of the following periods:
      
           (I)  One hundred twenty days after the date of the sale; and or
      
           (II)  Thirty days after the completion of maintenance,
      interior refurbishment, paint, or engine work associated with the
      sale of the aircraft; and
      
           SECTION 2.  In Colorado Revised Statutes, 39-26-711.8, amend
      (1) (c) as follows:
      
           39-26-711.8.  Aircraft - use outside state - on-demand air
      carriers. (1)  Notwithstanding section 39-26-711.5, on and after July 1,
      2014, but prior to July 1, 2019, the sale of a new or used aircraft shall be
      exempt from taxation under the provisions of part 1 and part 2 of this
      article if:
      
           (c)  The aircraft will be removed from the state within the longer
      of the following periods:
      
           (I)  One hundred twenty days after the date of the sale; and or
      
           (II)  Thirty days after the completion of maintenance,
      interior refurbishment, paint, or engine work associated with the
      sale of the aircraft; and
      
           SECTION 3.  Applicability. This act applies to aircraft sold on or
      after July 1, 2016.
      
           SECTION 4.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                            Effie Ameen
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO