City of Colorado Springs - File #: 23-344

• File #: 23-344
• Version: 1
• Type: Ordinance
• Status: Mayor's Office
• File created: 6/22/2023
• In control: City Council
• On agenda: 8/8/2023
• Final action: 8/8/2023
• Title: Ordinance No. 23-36 amending Multiple Sections of Article 7 (Sales And Use Tax) and Article 12 (Economic Development Agreements) of Chapter 2 (Business Licensing, Liquor Regulation And Taxation) of the Code of the City of Colorado Springs 2001, as Amended, pertaining to Sales and Use Tax of Construction and Building Materials Presenter: Charae McDaniel, Chief Financial Officer

Date	Ver.	Action By	Action	Result
8/8/2023	1	City Council	finally passed	Pass
7/25/2023	1	City Council	approved on first reading	Pass
7/10/2023	1	Council Work Session	referred

Title
Ordinance No. 23-36 amending Multiple Sections of Article 7 (Sales And Use Tax) and Article 12 (Economic Development Agreements) of Chapter 2 (Business Licensing, Liquor Regulation And Taxation) of the Code of the City of Colorado Springs 2001, as Amended, pertaining to Sales and Use Tax of Construction and Building Materials

Presenter:
Charae McDaniel, Chief Financial Officer

Body
Summary:
The Ordinance updates Sales Tax portions of the City Code to align with State Statue by eliminating conflicting provisions. This alignment with the State Statues for Sales Tax policy and implementation makes it easier for vendors to conduct business in the City of Colorado Springs by reducing the potential for confusion resulting from variations in definitions and process between the State and the City.

Background:
Construction - Chapter 2 (Business Licensing, Liquor Regulation and Taxation): The Code revision modifies the definition of Construction Materials in an effort to align with the state's interpretation and application of sales and use tax. This revision will help alleviate confusion among the construction business community.

Previous Council Action:
N/A.

Financial Implications:
N/A

City Council Appointed Board/Commission/Committee Recommendation:
This item was presented to the City Council Budget Committee on June 27, 2023

Stakeholder Process:
N/A

Alternatives:
N/A

Recommended Action
Proposed Motion:
Move approve Ordinance No. 23-36 amending Multiple Sections of Article 7 (Sales And Use Tax) and Article 12 (Economic Development Agreements) of Chapter 2 (Business Licensing, Liquor Regulation And Taxation) of the Code of the City of Colorado Springs 2001, as Amended, pertaining to Sales and Use Tax of Construction and Building Materials

Summary of Ordinance Language
Ordinance No. 23-36 amending the Sales Tax Code definition of construction to align with the State of Colorado, to alleviate confusion among the constructi...