Topic No. 3
The sale and purchase of
aircraft are subject to sales and use tax unless exempt. Exempt aircraft
Aircraft engaged in interstate commerce, owned or used by air carriers as
such term is defined by the Federal Civil Aeronautics Act of 1938, as amended,
and aircraft owned or leased by carriers valued for assessment by the Division
of Property Taxation of the Colorado Department of Local Affairs. (These would
be scheduled air carriers engaged in interstate commerce whose aircraft are
engaged in inter-state commerce on their first use/storage in
Aircraft owned or leased by any department of the federal or state
Aircraft held for resale constituting stock in trade of a manufacturer,
dealer, distributor, or retailer of aircraft, if such aircraft is not used for
Aircraft operated from a fixed base outside of
Aircraft are required to be
registered with the Federal Aviation Administration (FAA). They are not required
to be registered by the State of
NOTE: The DRMC includes
aircraft in its definition of automotive vehicles.
aircraft engines, other parts, and accessories are taxable when purchased, sold,
stored, used, distributed or consumed in
RELATED TAX GUIDE TOPIC
DRMC Section 53-24(1). Definitions.
* DRMC Section 53-26(11).
* DRMC Section 53-95(1).
* DRMC Section 53-97(12).
* Civil Aeronautics Act of
THE ABOVE INFORMATION IS A
SUMMARY IN LAYMAN'S TERMS OF THE RELEVANT
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