(a) A person is entitled to a credit against the use tax imposed by Section 777.04 on the use of a particular item of tangible personal property, custom software or results of a taxable service equal to the amount, if any, of sales tax lawfully paid to another municipality for the acquisition of that property, custom software or service; provided that the amount of the credit allowed may not exceed the amount of use tax imposed by Section 777.04 on the use of the tangible personal property, custom software or results of the taxable service in the Town.
(b) For the purposes of this section, the following definitions shall apply:
(1) "Municipality" shall mean any municipality in this state or of any other state of the United States.
(2) "Sales tax" shall mean a sales tax or compensating use tax imposed on the sale or use of tangible personal property, custom software or the results of a taxable service by the municipality in which the sale occurred.
(c) No credit is allowed under this section for payment of any sales or use taxes imposed by this state or another state. For purposes of this subsection (c) State includes the 50 sates of the United States and the District of Columbia but does not include any of the several territories organized by Congress.
(Passed 12-2-21.)