Colorado · Colorado Revised Statutes — Title 42, Vehicles and Traffic
C.R.S. Title 42 § 42-3-103: (b) In lieu of payment of the annual specific ownership tax in the manner provided in subsection (15) of this section, an owner may apply for and pay prorated specific ownership tax in accordance with this subsection (17)
What this law says, in plain English
This statute establishes a procedure allowing owners of special mobile machinery to pay prorated annual ownership taxes based on actual months of use in Colorado, rather than the full annual tax, upon submission of a service contract to the department.
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