BOARD00951

• Board Meeting Date: 3/24/2003
• Description: State Legislative Issues
• Board Meetings - Doc Type: Memo

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(C) THIS SUBPARAGRAPH (III) IS REPEALED, EFFECTIVE JANUARY

1,2006.

SECTION 4. 39-26-202 (I) (b), Colorado Revised Statutes, is

amended to read:

39-26-202. Authorization of tax - repeal. (I) (b) (I) On and

after January 1, 200 I, there is imposed and shall be collected from every

person in this state a tax or excise at the fate of two and ninety

one-hundredths percent of storage or acquisition charges or costs for the

privilege of storing, using, or consuming in this state any articles of

tangible personal property purchased at retail.

(II) (A) ON AND AFTER JANUARY 1,2004, THE TAX IMPOSED BY

SUBPARAGRAPH (I) OF THIS PARAGRAPH (b) ON WATER-SAVING DEVICES

SHALL BEATTHE RATE OF ONE AND NINETY ONE-HUNDREDTHS PERCENT OF

STORAGE OR ACQUISITION CHARGES OR COSTS.

(B) FOR PURPOSES OF THIS SUBPARAGRAPH (II), "WATER-SAVING

DEVICE" MEANS A LANDSCAPING PLANT OR A PLUMBING FIXTURE,

APPLIANCE, OR OTHERMANUF ACTURED ITEM THA TRESULTS IN DECREASED

WATER CONSUMPTION AND THAT IS LISTED ON A SCHEDULE APPROVED BY

THE EXECUTIVE DIRECTOR OF THE DEPARTMENT OF REVENUE AFTER

CONSULTATION WITH THE DIRECTOR OF THE OFFICE OF WATER

CONSER V A TION IN THE COLORADO WATER CONSERVATION BOARD IN THE

DEPARTMENT OF NATURAL RESOURCES.

(C) THIS SUBPARAGRAPH (II) IS REPEALED, EFFECTIVE JANUARY I,

2006.

SECTION 5. 37-92-103 (2), Colorado Revised Statutes, IS
amended to read:
37-92-103. Definitions. As used in this article, unless the context

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HB03-1120