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<br />the sales tax, and the sale of such items is expressly <br />made taxable unde r this chapter. The imposition of the <br />sales tax on individual sales shall be in accordance <br />with schedules set forth in the rules and regulations <br />promulgated by the Department of Revenue. If any <br />vendor, d u ring any reporting period, shall collect as <br />the sales tax an amount in excess of the amount of two <br />and one-half percent of his total taxable sales, he <br />shall remit to the executive director the full amount of <br />the sales tax herein imposed and also such excess. <br /> Section 2. At-ne ndme n t to Section 3.20.060. Section <br />3.20.060 of the Municipal Code of the City of Louisville, <br />Colorado, is hereby repealed and reenacted to read as follows: <br /> 3.20.060 Vendor's fee. <br /> Every retailer, also in this section called <br />"vendor", shall be liable and responsible for the <br />payment of an amount equivalent to two and one-half <br />percent of all sales made by him of commodities or <br />serv ices as specified in Section 3.20.030. He shall, <br />before the twentieth day of each month, make a return to <br />the execu t ive director of the Department of Revenue, for <br />the benefit of the city, for the preceding cal~ndar <br />month and remi t an amount equivalent to said two and <br />one-half percent on such sales to said executive <br />director, less three and one-third percent of the sum so <br />remitted to cover the vendor's expense in the collection <br />and remittance of said tax; but if any vendor is <br />delinquent in remitting said tax, other than in unusual <br />circumstances shown to the satisfaction of the executive <br />director as agent for the city, the vendor shall not be <br />allowed to retain any amount to cove r his expense of <br />collecting and remitting said tax, and an amount <br />equivalent to the full two and one-half percent shall be <br />remitted to the executive director for the benefit of <br />the city by such delinquent vendor. Such returns of the <br />taxpayer or duly authorized agent shall contain such <br />information and be made in such a manner and upon such <br />forms as the city prescribes. <br /> Section 3. A..rne ndme n t to Section 3.20.200. Section <br />3.20.200 of the Municipal Code of the City of Louisville, <br />Colorado, is hereby repealed and reenacted to read as follows: <br /> 3.20.200 Exemptions. All sales of personal <br />property on which a specific ownership tax has been paid <br /> - 4 - <br /> n <br />