The following transactions are exempt from taxes assessed under this Chapter:
A Sales of a single item where the total purchase price is two thousand five hundred dollars ($2,500.00) or more;
B Wholesale transactions in which goods are sold to a person holding a sales tax license and where the goods are held for resale to the ultimate consumer;
C All sales specifically exempted pursuant to Utah Code Annotated section 59-12-104, as amended, including for purposes of illustration only: motor fuels, food sales of less than one dollar ($1.00) from vending machines; sales by religious or charitable institutions; newspaper sales; purchases of food under the Federal food stamps program; sales of medicine; and sales of agricultural equipment not exceeding two hundred fifty dollars ($250.00) in value;
D The amount of any sales transaction, otherwise subject to this Chapter, which represents sales and use taxes paid to the State pursuant to Utah Code Annotated section 59-12-103, as amended. (Ord. 1997-3, 12-1-1997, eff. 1-1-1998)