Colorado Code
Part 5 - Special Rules
§ 39-22-516.8. Tax Credit for Innovative Trucks - Definitions - Repeal

(bb.3) "Purchaser" means the buyer or the lessee of a category 4, category 4 A, category 4 B, category 4 C, category 7, category 7 A, or category 9 vehicle, but does not include the state or any political subdivision of the state. For tax years commencing on or after January 1, 2017, a lessee seeking to claim a credit allowed in this section must enter into a lease with a term of not less than two years.



(A) Titled and registered in the state; or
(B) Registered under the international registration plan and base plated in the state.
(II) "Truck", for tax years commencing on or after January 1, 2017, has the same meaning as in section 42-1-102 (108), C.R.S., and includes a hybrid truck, a light-duty passenger motor vehicle, and a bus, has a maximum speed capability of at least fifty-five miles per hour, is licensed or subject to licensing for operation upon the highways of the state, is new, not used, unless the truck is being converted, and is either:
(A) Titled and registered in the state; or
(B) Registered under the international registration plan and base plated in the state.




(2.3) Category 4 purchase.


(2.5) Category 4 lease.





(3.5) Category 4 A.





(4.3) Category 4 B purchase.


(4.5) Category 4 B lease.





(5.5) Category 4 C.







(8.3) Category 7 purchase.


(8.5) Category 7 lease.





(9.5) Category 7 A.








(11.5) Category 9.


(11.6) Category 9.


























Source: L. 2014: Entire section added, (HB 14-1326), ch. 357, p. 1664, § 2, effective June 6. L. 2016: (1)(r.5), (1)(bb.3), (2.3), (2.5), (3.5), (4.3), (4.5), (5.5), (8.3), (8.5), (9.5), (11.6), (13.5), (17), and (18) added and (1)(ee), (2), (3), (4), (5), (8), (9), (11.5), and (16) amended, (HB 16-1332), ch. 237, p. 960, § 2, effective June 6. L. 2019: (1)(h), (1)(i), (1)(r)(III), (8.3), (8.5), and (18) amended, (HB 19-1159), ch. 386, p. 3445, § 3, effective August 2. L. 2020: (15) amended, (HB 20-1402), ch. 216, p. 1058, § 68, effective June 30; (1)(c) amended, (HB 20-1167), ch. 56, p. 192, § 4, effective September 14.
Cross references: (1) For the legislative declaration in HB 14-1326, see section 1 of chapter 357, Session Laws of Colorado 2014.
(2) For the legislative declaration in HB 19-1159, see section 1 of chapter 386, Session Laws of Colorado 2019.

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