Ordinance 1985-852 - Laserfiche WebLink

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or is payable shall be exempt from the ci ty sales tax when such sales meet both of the following conditions: A. The purchaser is a nonresident of or has its principal place of business outside of the city; and B. Such personal property is register-ed or requi red to be registered outside the limits of the city under the laws of the state. Notwithstanding any other provision of this chapter, the value of construction and bui ld ing materials on which a use tax has previously been collected by an incor-porated town, city, or county shall be exempt from the city sales tax if the materials are delivered by the retailer or his agent to a site within the limits of the city. Section 4. Repeal and Amendment. Sections 3.20.210, 3.20.220, 3.20.230, and 3.20.240, of the Municipal Code of the City of Louisville, Colorado, are hereby repealed, and Chapter 3.20 of said Municipal Code is ame nded by the addition of the following sections: 3.20.210 Use tax definitions. For the purposes of Sections 3.20.220 through 3.20.260, inclusive, of this chapter, the words therein contained shall have the meanings provided in Section 39-26-201, Colorado Revised Statutes of 1973, as ame nded , as it currently exists or may hereafter be amended, and said definitions are incorporated herein by specific reference. 3.20.220 Use tax imposed. There is hereby impos ed and there shall be paid and collected a use tax upon the privilege of storing, us i ng , or consuming within the City any construction and building materials and motor and other vehicles on which registration is requ ired, purchased at retail, such use tax to be in the amount of two and one-half percent ( 2 1/2%) of the retail cost thereof. The use tax shall be collected in accordance with the schedules set forth in the ru Ie s and regula t ions promulgated by the Department of Revenue. - 5 -