Ordinance 2023-1857 - NO ACTION TAKEN

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WHEREAS, pursuant to Ordinance No. 1575, Series 2010, the City adopted a 3.65% tax for using, storing, distributing or otherwise consuming tangible personal property or taxable services inside the City ("consumer use tax'), which became effective following voter approval; and WHEREAS, following the City's adoption of the City's consumer use tax in 2010, the City began authorizing rebates of the City's consumer use tax under authority implied from the BAP; and WHEREAS, the City Council desires to amend Chapter 3.24 of the City Code to specifically authorize rebates of consumer use tax revenues under the BAP to any business meeting the base criteria for rebates under the program. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Section 3.24.030 of the Louisville Municipal Code is hereby amended to read as follows (words to be added are underlined; words to be deleted are StFiGkeR thF0 1gh): Sec. 3.24.030. - Definitions. As used in this chapter and all sections thereof, the following terms and phrases shall have the following meanings: Applicant means the owner(s) of real property upon which a business is operated or proposed, or the operator of a business located or proposed to be located within the city. Consumer use tax means the amount of the use tax collected by the city from an applicant participating in the BAP created under this chapter, not including construction use taxes. Enhanced sales tax means the amount of sales tax collected by the city over and above a base amount negotiated by, and agreed upon by, the applicant and the city, and which base amount shall never be lower than the amount of sales taxes collected by the city at the property in question in the previous 12 months. Fees means the amount of building permit fees, sign permit fees, and construction use taxes collected by the city during the construction permitting process for initial construction of a project participating in the BAP created under this chapter, and the amount of consumer use taxes collected by the city from the applicant's procurement of items necessary to its operation within the city for the period set forth in an agreement approved by the city council. Ordinance No. 1857, Series 2023 Page 2of11