(A) There shall be exempt from taxation under the provisions of this subchapter, all of the tangible personal property and services which are exempt under the provisions set forth in C.R.S. Title 39, Article 26, as amended, which exemptions are incorporated herein by this reference, except the exemption allowed by C.R.S. § 39-26-709, as amended, for the purchases of machinery or machine tools, and except the exemption of sales and purchases of electricity, coals, gas, fuel oil and coke as provided in C.R.S. § 39-26-707, as amended, and except the exemption for sales of food specified in C.R.S. §§ 39-26-715 and 39-26-724, as amended.
(B) All sales of tangible personal property on which a specific ownership tax has been paid or is payable shall be exempt from sales tax when such sales meet both of the following conditions:
(1) The purchaser is a nonresident of, or has its principal place of business outside of the town; and
(2) Such tangible personal property is registered or required to be registered outside the limits of the town under the laws of the state.
(Ord. 2000-4, passed 11-9-2000; Ord. 2000-5, passed 11-9-2000)