Aircraft and Other Special Purchases
With few exceptions, all tangible personal property sold or used within the boundaries of Colorado is subject to taxation. If the tax is collected by a dealer and remitted to the Colorado Department of Revenue on behalf of the buyer, the tax is referred to as Sales Tax. If no tax was collected and remitted by the seller, the tax becomes the responsibility of the buyer and is known as Consumer Use Tax. Both taxes are a compliment to each other and it is rare for both taxes to apply to the same purchase. However, a single item can be subject to either tax several times throughout its usefulness. The previous sales/use tax rate was 3% until it changed to 2.9% on January 1, 2001.
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