Ordinance 1989-0981 - Laserfiche WebLink

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amended, and said definitions are incorporated herein by specific reference. Section 9. Use Tax Imposed. There is hereby imposed and there shall be paid and collected a use tax upon the privilege of using or consuming within the City construction and building materials purchased at retail for use in connection with commercial, industrial, or other nonresidential construction or building projects, and for the privilege of storing, using, or consuming within the City any motor and other vehicles, purchased at retail on which registration is required, such use tax to be in the amount of three percent (3.00%) of the retail cost thereof (the "Use Tax"). The Use Tax shall be collected in accordance with the schedules set forth in the rules and regulations promulgated by the Department of Revenue. The revenues derived from the Use Tax shall be deposited to the City's general fund and used for any municipal purpose. Section 10. Use Tax Exemptions. In no event shall the Use Tax apply: (a) To the storage, use, or consumption of any tangible personal property the sale of which is subject to a retail sales tax imposed by the City; (b) To the storage, use, or consumption of any tangible personal property purchased for resale in the City, either in its original form or as an ingredient of a manufactured or compounded product, in the regular course of a business; (c) To the storage, use, or consumption of tangible personal property brought into the City by a nonresident thereof for his own storage, use, or consumption while temporarily within the City; however, this exemption does not apply to the storage, use, or consumption of tangible personal property brought into the state of Colorado by a nonresident to be used in the conduct of a business in this state; (d) To the storage, use, or consumption of tangible personal property by the United states government, or the state of - 9 -