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City Council Agenda and Packet 2018 09 11 SP
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City Council Agenda and Packet 2018 09 11 SP
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3/11/2021 2:12:29 PM
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9/14/2018 10:27:01 AM
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City Council Records
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City Council Packet
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CCAGPKT 2018 09 11 SP
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of using or consuming in the County any construction and building materials, purchased <br />at retail, and for storing, using, or consuming in the County any motor and other vehicles <br />on which registration is required, purchased at retail. Subject to the provisions of Section <br />39-26-212, C.R.S., as amended, the use tax shall not extend or apply: <br />(a) To the storage, use, or consumption of any tangible personal <br />property, the sale of which is subject to a retail sales tax imposed by the County; <br />(b) To the storage, use, or consumption of any tangible personal <br />property purchased for resale in the County either in its original form or as an <br />ingredient of a manufactured or compounded product, in the regular course of a <br />business; <br />(c) To the storage, use, or consumption of tangible personal property <br />brought into the County by a non-resident thereof for his own storage, use, or <br />consumption while temporarily within the County; however, this exemption does <br />not apply to the storage, use, or consumption of tangible personal property <br />brought into this State by a non-resident to be used in the conduct of a business in <br />this State; <br />(d) To the storage, use, or consumption of tangible personal property <br />by the United States government or the State of Colorado, or its institutions, or its <br />political subdivisions in their governmental capacities only, or by religious or <br />charitable corporations in the conduct of their regular religious or charitable <br />functions; <br />(e) To the storage, use, or consumption of tangible personal property <br />by a person engaged in the business of manufacturing or compounding for sale, <br />profit, or use any article, substance or commodity, which tangible personal <br />property enters into the processing of or becomes an ingredient or component part <br />of the product or service which is manufactured, compounded or furnished and <br />the container, label, or the furnished shipping case thereof; <br />(f) To the storage, use, or consumption of any article of tangible <br />personal property, the sale or use of which has already been subjected to a legally <br />imposed sales or use tax of another statutory or home rule county equal to or in <br />excess of that imposed by the County. A credit shall be granted against the use tax <br />imposed by the County with respect to a person's storage, use, or consumption in <br />the County of tangible personal property purchased in another statutory or home <br />rule county. The amount of the credit shall be equal to the tax paid by the person <br />by reason of the imposition of a sales or use tax of the other statutory or home <br />rule county on the purchase or use of the property. The amount of the credit shall <br />not exceed the tax imposed by this Resolution; <br />7 <br />255722v2 <br />10 <br />
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