(A) There is hereby levied and there shall be paid by every person storing, using or otherwise consuming within the city tangible, personal property purchased or brought into the municipality, an excise tax on the storage, use or other consuming within the municipality of the property at the rate of 3% of the purchase price of the property. The tax shall be paid by every person storing, using or otherwise consuming, within the municipality, tangible, personal property purchased or brought into the city. The additional tax levied hereunder shall be paid at the time of importation or storage of the property within the city and shall be assessed to only property purchased outside the state.
(B) (1) The tax levied herein shall not be levied against tangible, personal property intended solely for use outside the municipality, but which is stored in the city pending shipment outside the city or which is temporarily retained in the municipality for the purpose of fabrication, repair, testing, alteration, maintenance or other service.
(2) Any person liable for payment of the tax authorized herein, may deduct from the tax any local or municipal sales tax previously paid on the goods or services.
(C) The amount deducted shall not exceed the amount that would have been due if the taxes imposed by the city had been levied on the sale of the goods or services.
(2002 Code, § 35.65) (Ord. 232, passed 10-13-1986)