A. 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 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.
B. For transactions consummated on or after January 1, 1986, the town's sales tax shall not apply to the sales of construction and building materials, as the term is used in 29-2-109, Colorado Revised Statutes, if such materials are picked up by the purchaser and if the purchaser of such materials presents to the retailer a building permit or other documentation acceptable to the town evidencing that a local use tax has been paid or is required to be paid. (Ord. 177, 2-22-1990; amd. Ord. 319, 8-11-2020)