Ordinance 1975-484 - Laserfiche WebLink

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CITY OF LOUISVILLE ORDINANCE NO. 484 AN ORDINANCE CONCERNING REVENUE, TO ENACT A USE TAXON BUILDING AND CONSTRUCTION MATERIALS WHICH ARE PURCHASED OUTSIDE THE CITY FOR USE, STORAGE, OR CONSUMPTION WITHIN THE CITY, AND TO ENACT A USE TAX ON MOTOR VEHICLES PURCHASED OUTSIDE THE CITY BY CITY RESIDENTS FOR USE OR STORAGE WITHIN THE CITY OF LOUISVILLE, IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE 2, CHAPTER 29, COLORADO REVISED STATUTES 1973, AS AMENDED. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO, AS FOLLOWS: SECTION 1. Purpose. The purpose of this Ordinance is to raise revenue and provide a companion tax to the City Sales Tax. The tax imposed herein is a Use Tax on Building and construction materials which are purchased outside the City of Louisville for use, storage, or consumption wHhin the City, and a similar use tax is imposed on motor vehicles purchased outside the City by City resi- dents for use, storage, 01" consumption within the City of Louisville. The legal authority for this ordinance is contained in Article 2, Chapter 29, Colorado Revised Statutes 1973, as amended. SECTION 2. Definitions. For the purpose of this Ordinance, the definitions of the wOl~erein contained shall be defined in Section 102, Article 26, Chapter 39, Colorado Revised Statutes 1973, as amended. SECTION 3. ~~lication and Exem~tions. In no event shall the Use Tax imposed by t 1S Ordinance exten or apply: A. To the storage, use or consumption of any tangible personal property the salle of which is subject to a retail sales tax imposed by the city or tOll.Jn; B. To the storage, use or consumption of any tangible personal property purchased for resale in the city or town, either in its original form or as an ingredient of a manufactured or compounded product, in the regular course of a business; C. To the storage, use or consumption of tangible personal property brought into the city or town by a nonresident thereof for his own storage, use, or consumption while temporarily within the city or town; D. to the storage, use or consumption of tangible personal property by the United States government, or the State of Colorado, or its institutions, or its political subdivisions in their govern- mental capacities only or by religious or charitable corporations in the conduct of their regular religious or charitable functions;