A. To the storage, use or consumption of any tangible personal property the sale of which is subject to a retail sales tax imposed by the Town of Parachute;

B. To the storage, use, or consumption of any tangible personal property purchased for resale in the Town of Parachute, either in its original form or as an ingredient of a manufactured or compounded product, in the regular course of business;

C. To the storage, use, or consumption of tangible personal property brought into the Town of Parachute by a nonresident thereof for his own storage, use, or consumption while temporarily within the Town of Parachute; however, this exemption does not apply to the storage, use, or consumption of tangible personal property brought into this state by a nonresident to be used in the conduct of business in this state;

D. To the storage, use, or consumption of tangible personal property by the United States government, or the state of Colorado, or its institutions, or its political subdivisions in their governmental capacities only, or by religious or charitable corporations in the conduct of their or charitable functions;

E. To the storage, use, or consumption of tangible personal property by a person engaged in the business of manufacturing or compounding for sale, profit, or use any article, substance or commodity, which tangible personal property enters into the processing of or becomes an ingredient or component part of the product or service which is manufactured, compounded, or furnished and the container, label, or the furnished shipping case thereof;

F. To the storage, use, or consumption of any article of tangible personal property, the sale or use of which has already been subjected to a legally imposed sales or use tax of another statutory or home rule town, city, or city and county equal to or in excess of the use tax imposed herein. A credit shall be granted against the use tax with respect to a person’s storage, use or consumption in the Town of Parachute of tangible personal property purchased by him in a previous statutory or home rule town, city, or city and county. The amount of the credit shall be equal to the tax paid by him by reason of the imposition of a sales or use tax of the previous statutory or home rule town, city, or city and county on his purchase or use of the property. The amount of the credit shall not exceed the amount of the use tax imposed herein;

G. To the storage, use or consumption of tangible personal property and household effects acquired outside of the Town of Parachute and brought into it by a nonresident acquiring residency;

H. To the storage, use, or consumption of any construction and building materials if a written contract for the purchase thereof was entered into prior to the effective date of the use tax imposed herein;

I. To the storage, use, or consumption of any construction and building materials required or made necessary in the performance of any construction contract bid, let or entered into at any time prior to the effective date of the use tax imposed herein; and

J. To the storage of construction and building materials. (Ord. 190, 1982; Amended Ord. 356 §3, 1994; Amended Ord. 530 §1, 2005)