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<br />:'~..). <br /> <br />f< <br /> <br />3 of said Ordinance No. 13, Series of 1979 is repealed and <br />reenacted with amendments to read as follows: <br /> <br />"Section 3. IMPOSITION OF TAX. A municipal use tax is hereby <br />imposed upon the privilege of: <br /> <br />(1) using or consuming in the Town any construction and <br />building materials purchased at retail; and <br /> <br />(2) Storing, using or consuming in the Town any motor and <br />other vehicles on which registration is required which are <br />purchased at retail." <br /> <br />Section 3. AMENDMENT OF "EXEMPTIONS" SECTION. Section 4, <br />subsection (6) of said Ordinance No, 13, Series of 1979, is <br />repealed and reenacted with amendments to read as follows: <br /> <br />"( 6) To the storage, use or consumption of any article of <br />tangible personal property the sale or use of which has <br />already been subject to a legally imposed sales or use tax of <br />another statutory or home rule town, city or city and county <br />in an amount equal to, or in excess of, that imposed by this <br />Ordinance. A credit shall be granted against the use tax <br />imposed by this Ordinance with respect to a person's storage, <br />use, or consumption in the Town of tangible personal property <br />purchased by such person in a previous statutory or home rule <br />town, city or city and county. The amount of the credit shall <br />be equal to the tax paid oy such person by reason of the <br />imposition of a sales or use tax of the previous statutory or <br />home rule town, city or city and county on such person's <br />purchased or use of the property, although the amount of the <br />credit shall in no event exceed the amount of tax imposed by <br />this Ordinance." <br /> <br />Section 4. AMENDMENT OF "EXEMPTION: SECTION. Section 4 of <br />said Ordinance No. 13, Series of 1979, is further amended by the <br />addition of the following new subsection: <br /> <br />"(11) To the storage of construction and building materials <br />in the Town." <br /> <br />Section 5. AMENDMENT OF RATE OF USE TAX FOR CONSTRUCTION AND <br />BUILDING MATERIALS. Section 5(1) of said Ordinance No. 13, Series <br />of 1979, is repealed and reenacted with amendments to read as <br />follows: <br /> <br />"Section 5. CONSTRUCTION AND BUILDING MATERIALS USE TAX <br />COLLECTION. (1) The collection of the use tax for <br />construction and building materials imposed hereby shall be <br />administered by the Treasurer of the Town and shall be <br />collected at the time permits are issued for building and <br />con~truction. The payment of the tax shall be the <br />responsibility of the person applying for the building permit. <br />The rate of the use tax shall be three percent (3%) of the <br />