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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) On and after August 9, 2017, a historic aircraft that is on loan for public display, demonstration, educational, or museum promotional purposes is exempt from taxation under the provisions of parts 1 and 2 of this article 26 if:
(a) The historic aircraft is on loan for public display, demonstration, educational, or museum promotional purposes to a publicly owned museum in the state or to a nonprofit museum in the state that operates under section 501(c)(3) of the federal “Internal Revenue Code of 1986”, as amended;
(b) The historic aircraft will be used only for public display, demonstration, educational, or museum promotional purposes while within the state but away from the museum to which the historic aircraft is on loan; and
(c) The museum to which the historic aircraft is on loan for public display, demonstration, educational, or museum promotional purposes is open to the public for at least twenty hours every week.
(2) For purposes of this section, “historic aircraft” means any original, restored, or replica of a heavier-than-air aircraft that is at least thirty-five years old.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 39. Taxation § 39-26-711.9. Historic aircraft on loan for public display--definition - last updated January 01, 2025 | https://codes.findlaw.com/co/title-39-taxation/co-rev-st-sect-39-26-711-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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