C.R.S. § 43-10-111
43-10-111. Gasoline tax in lieu of personal property tax
43-10-111. Gasoline tax in lieu of personal property tax. The gasoline tax imposed pursuant to section 39-27-102 (1)(a)(IV)(A), C.R.S., is imposed in lieu of personal property tax on the aircraft, except as otherwise provided in article 4 of title 39, C.R.S.