Colorado Enacts Exemption for Property Used in Space Flight

Wednesday, May 28th, 2014

 
 
A NASA space vehicle.
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Colorado
General

Colorado recently enacted a new exemption for property used in space flight. The exemption will take effect July 1, 2014.

The new exemption applies to qualified property that will be used in space flight. "Qualified property" means space vehicles, parts for space vehicles, items that will be placed or used on a space vehicle, and certain fuels used exclusively for space flight. A "space vehicle" is property that has space flight capability and is intended for space flight. It includes orbital space facilities, space propulsion systems, satellites, and space stations. A "space flight" means a flight designed for suborbital, orbital, or interplanetary travel.

http://www.leg.state.co.us/Clics/CLICS2014A/csl.nsf/fsbillcont3/DAC7BA024EA056F387257C4A0075C5C2?Open&file=1178_enr.pdf


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