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ORDINANCE NO. 1739 SERIES 2017 AN ORDINANCE AMENDING CHAPTER 3.20 OF THE LOUISVILLE MUNICIPAL CODE PERTAINING TO SALES AND USE TAX DEFINITIONS, EXEMPTIONS AND ADMINISTRATIVE PROCEDURES AND AMENDING CHAPTER 3.22 PERTAINING TO THE LODGING TAX WHEREAS, in SJR14-038, the General Assembly asked the Colorado Mumcipal League to revive the tax simplification project from the 1990s to address current systemic problems associated with local tax collection, and WHEREAS, City Council has determined that the standard tax definitions project is a major collaborative sales tax simplification initiative by Colorado's home rule municipalities that locally collect their sales tax and the retail business community, and WHEREAS, City Council has determined that the City will cooperate in furtherance of a statewide goal to have all locally collecting municipalities agree to use standard definitions in their sales and use tax codes, and WHEREAS, City Council has determined that maintaining the local collection of sales and use taxes for the City is of paramount importance to the continued financial strength of the City; and WHEREAS, City Council has determined that the retail business community desires better uniformity and simplicity when operating in the City; and WHEREAS, City Council has determined that sales tax revenue is directly tied to how well the City's retail business community is fanng, City Council and staff have generally supported the idea that the City should simplify the tax code, without sacnficing revenue, and WHEREAS, City Council has determined that revenue neutral tax simplification is generally construed as good for business and good for the community as a whole, and WHEREAS, City Council has determined that modification of the City's sales and use tax exemptions is required in an effort to comply with the Taxpayer Bill of Rights by staying revenue neutral; and WHEREAS, City Council further recognizes that over time, and as new products, technologies and services are created, the Sales and Use Tax Code may not clearly address taxability of such products, technologies, and services and that certain aspects need to be clarified and updated; and WHEREAS, City Council recognizes that, based on taxpayer inquines during audits and in general, clarification of certain provisions of the Sales and Use Tax Code will clanfy areas of possible confusion for taxpayers; and Ordinance No 1739, Series 2017 Page 1 of 31