House gives first-round OK to bill shooting down "fly-away tax"
2/25/2008 - 5:39pm
The House gave initial approval today to a bill that eliminates a sales tax on aircraft sold in Colorado but used in other states.
Those in the aircraft industry say the current law discourages sales of new or used aircraft in Colorado as well as plane manufacturing.
House Bill 1261, sponsored by Rep. Bernie Buescher, D-Grand Junction, eliminates the sales tax on aircraft that are sold in Colorado but flown out of state. The House must pass the bill once more before it can move to the Senate.
Bookmark/Search this post with:
