Ordinance 2017-1739 - Laserfiche WebLink

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B. The use or consumption of tangible personal property which occurs more than three years after the most recent purchase of such property is exempt from taxation, if within the three years, the property has been significantly used within the State of Colorado for the principal purpose for which it was purchased. C. Tolling of statute of limitations The commencement of collection proceedings, including the mailing of a notice of audit, shall toll the running of the statute of limitations In the case of mailing of a notice of audit, any such audit shall be diligently pursued by the city. For purposes of this section, "toll" is defined as an interruption of the running or continuation of the statute of limitations In the case of a coordinated audit of any licensed taxpayer in this city, the first notice of an intended audit by any municipahty that prompts the taxpayer's request for a coordinated audit shall toll the city's statute of limitations D False and fraudulent returns: In the case of a false or fraudulent return with intent to evade tax, the tax together with interest and penalties thereon, may be assessed, or proceedings for the collection of such tax may be begun, at any time E. Extensions. Before the expiration of such period of limitation, the taxpayer and the finance director may agree in wnting to an extension thereof, and the penod so agreed on may be extended by subsequent agreements in writing made before the expiration of the previously agreed upon time F. Failure to file a return. In the case of failure to file a return, the tax, with interest and penalties thereon, may be assessed and collected at any time Sec. 3.20.210. - Property and services taxed. The sales tax is imposed upon the property and services as set forth in this section; provided, however, that no such tax is shall be charged on any sale of $0.17 or less A. Auctions. On the pnce paid by the purchaser of tangible personal property B. Automotive Vehicles (Low Emitting Power Sources and Parts) The sales tax is imposed upon the sales of low -emitting Automotive Vehicles, power sources, or parts used for converting such power sources C Automotive Vehicles (Resident). On the price paid or charged on the sale, lease -purchase, or rental for use or storage of an Automotive Vehicle to a resident of the City when required under the provisions of Title 42 of the Colorado Revised Statutes to be registered at an address inside the City. The county clerk of the county in which the registration occurs is authorized to collect such tax for the City prior to, or at the time, of registration. D Charitable Organization Sales. The tax is imposed upon all sales and occasional sales of tangible personal property by a Charitable Organization Ordinance No 1739, Senes 2017 Page 14 of 31