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<br /> ORDINANCE NO. 881 <br /> AN ORDINANCE AMENDING CHAPTER 3 .20 <br /> OF THE LOUISVILLE MUNICIPAL CODE <br /> CONCERNING APPLICABILITY OF THE <br /> SALES TAX. <br /> WHEREAS, the Colorado State Legislature has amended <br />Sections concerning Sales Tax and Us e Tax; and, <br /> WHEREAS, the City Council of the City of Louisville must <br />amend the existing Sales Tax Ordinance to reflect amendments made in <br />the Colorado State Statutes. <br /> NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br /> Section 1 . The following sections are hereby added to <br />Chapter 3 .20, Title - 3 of the Louisville Municipal <br /> Code: <br /> 3.20.250 Sales Tax - Nonapplicability <br /> For transactions consummated on or after January 1 , 1986, <br />the City of Louisville Sales Tax shall not apply to the sale of <br />construction and building materials, if such materials are picked up <br />by the purchaser and if the purchaser of such materials presents to <br />the retailer licensee a building permit or other documentation <br />acceptable to the City of Louisville evidencing that a local use tax <br />has been paid or is required to be paid. The definition of <br />construction and building materials as used in this section shall be <br />the same as the definition set forth in Section 29.2.109 of the <br />Colorado Revised Statutes. <br /> 320.20.260 Sales Tax - Credit for Sales or Use Taxes <br /> Previously Paid to Another Municipality. <br /> For all transactions consummated on or after January 1 , <br />1986, the Sales Tax of the City of Louisville shall not apply to the <br />sale of tangible personal property, at retail or the furnishing of <br />services if the transaction was previously subjected to a sales or <br />use tax lawfully imposed on the purchaser or user by another <br />statutory or home rule municipality equal to or in excess of 2io. A <br />credit shall be granted against the Louisville Sales Tax with <br />respect to such transactions equal in amount to the lawfully imposed <br />local Sales or Use Tax previously paid by the purchaser or user to <br />the statutory or home rule municipality. The amount of the credit <br />shall not exceed 2 io. <br />