Colorado Cuts Taxes, Fleets Get A Break
June 5, 2000
Commercial truck fleets in Colorado will get a tax break and a reduction in registration fees, thanks to a bill recently signed into law
The bill, signed by Gov. Bill Owens, was designed to return a surplus to taxpayers and reduces sales taxes on large trucks and parts from 3% to .001%. The state predicts that, as a result of the bill, interstate trucking firms will purchase more trucks, which will allow the state to collect more commercial fleet sales taxes. Another bill will reduce fleet owners' registration fees thanks to $17 million of the relief.