ORDINANCE No. 2810

AN ORDINANCE AMENDING CHAPTER 34 OF THE CODE OF ORDINANCES ALSO KNOWN AS THE CITY OF GRAND JUNCTION CITY RETAIL SALES AND USE TAX ORDINANCE

 RECITAL

 The City Council intends to encourage and foster the development and re-location of manufacturing industries within the City limits of Grand Junction.

 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, COLORADO:

 Section 34-108 "Exemptions from Use Tax" of the Code of Ordinances , is amended by the addition of two new subsections (6) and (7) which shall read as follows: "(6) Manufacturing Equipment" and "(7) Tangible personal property used and consumed exclusively and directly in the manufacturing process when such tangible personal property does not become a necessary and recognizable ingredient, component and constituent part of the finished product."

[Note: The term manufacturing equipment is already defined in the City Sales and Use Tax Ordinance Section 34-102, to mean machinery or machine tools used directly and exclusively in manufacturing by a person engaged in manufacturing, compounding for sale, profit, or use, any article, substance or commodity.]

 INTRODUCED this 1st day of February 1995.

 PASSED and ADOPTED this 15th of February, 1995.

             /s/ R.T. Mantlo

             President of the Council

 /s/ Stephanie Nye

 City Clerk