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Colorado Revised Statutes Title 39 — Taxation

C.R.S. § 39-26-728

Property for use in space flight - definitions

Official textolls.infolast amended

# (1)

For the state fiscal years commencing on or after July 1, 2014, all sales, storage, and use of qualified property for use in space flight is exempt from taxation under parts 1 and 2 of this article.

# (2)

As used in this section:

# (a)

Qualified property for use in space flight means any of the following: (I) A space vehicle and any component thereof; (II) Tangible personal property to be placed or used aboard a space vehicle, regardless of whether such personal property is to be ultimately returned to the state for subsequent use, storage, or other consumption; and (III) Fuel of a quality that is not adaptable for use in an ordinary motor vehicle and that is produced, sold, and used exclusively for space flight.

# (b)

Space flight means any flight designed for suborbital, orbital, or interplanetary travel by a space vehicle.

# (c)

Space vehicle means any tangible personal property that has space flight capability and is intended for space flight and includes, but is not limited to, an orbital space facility, space propulsion system, satellite, or space station of any kind.

# (3)

The tax exemption established by this section may not be denied to a taxpayer because of a failure, postponement, destruction, or cancellation of a launch of a space vehicle.

# (4)

The executive director of the department of revenue shall annually provide information to the finance committees of the house of representatives and the senate, or any successor committees, on the number of exemptions claimed pursuant to this section. Such information may be incorporated into an existing report provided on an annual basis by the executive director to the committees. Source: L. 2014: Entire section added, (HB 14-1178), ch. 234, p. 866, § 2, effective May 20. Cross references: For the legislative declaration in HB 14-1178, see section 1 of chapter 234, Session Laws of Colorado 2014.

Amendment history

L. 2014: Entire section added, (HB 14-1178), ch. 234, p. 866, § 2, effective May 20.

Source: view the official text

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In this article (40 sections)
  1. 39-26-707 · Food, meals, beverages, and packaging - definitions
  2. 39-26-708 · Construction and building materials - legislative…
  3. 39-26-709 · Machinery and machine tools - definitions
  4. 39-26-710 · Railroads - construction and building materials - tangible…
  5. 39-26-711 · Aircraft - tangible personal property
  6. 39-26-711.5 · Aircraft - use outside state
  7. 39-26-711.8 · Aircraft - use outside state - on-demand air carriers
  8. 39-26-711.9 · Historic aircraft on loan for public display - definition
  9. 39-26-712 · Trailers and trucks
  10. 39-26-713 · Tangible personal property
  11. 39-26-714 · Vending machines - definitions
  12. 39-26-715 · Fuel and oil - definitions
  13. 39-26-716 · Agriculture and livestock - special fuels - definitions
  14. 39-26-717 · Drugs and medical and therapeutic devices - legislative…
  15. 39-26-718 · Charitable organizations - association or organization of…
  16. 39-26-719 · Motor vehicles - tax preference performance statement -…
  17. 39-26-720 · Bingo equipment
  18. 39-26-721 · Manufactured homes and tiny homes
  19. 39-26-723 · Colorado wood products - repeal
  20. 39-26-724 · Components used to produce energy from a renewable energy…
  21. 39-26-725 · Sales related to a school - definitions
  22. 39-26-726 · Medical marijuana - debilitating conditions and ability to…
  23. 39-26-727 · Tribal exemption - motor vehicles - partial interest -…
  24. 39-26-728 · Property for use in space flight - definitions
  25. 39-26-729 · Retail sales of marijuana
  26. 39-26-730 · Sales and use tax exemption forms - simplification -…
  27. 39-26-731 · Eligible decarbonizing building materials - tax preference…
  28. 39-26-732 · Heat pump systems - tax preference performance statement -…
  29. 39-26-733 · Residential energy storage systems - tax preference…
  30. 39-26-734 · Rebuilding from declared wildfire disaster - tax preference…
  31. 39-26-801 · Legislative declaration
  32. 39-26-801.5 · Definitions
  33. 39-26-802 · Sales and use tax simplification task force - creation -…
  34. 39-26-802.5 · Sales and use tax simplification - request for information
  35. 39-26-802.7 · Electronic sales and use tax simplification system -…
  36. 39-26-802.9 · Retailers without physical presence or with only…
  37. 39-26-803 · Gifts, grants, or donations
  38. 39-26-804 · Repeal of part
  39. 39-26-900.3 · Definitions
  40. 39-26-901 · Temporary adjustment of rates of state sales and use taxes…
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