HomeMy WebLinkAboutConstruction use tax on Lion's Ridge Apartment HomesFrom:Judy Camp
To:George Ruther
Cc:Lynne Campbell; Shelley Bellm ; Martin Haeberle
Subject:Construction use tax on Lion"s Ridge Apartment Homes
Date:Monday, April 21, 2014 1:41:43 PM
Just to keep everyone in the loop ----
I had a call from Rob with Gorman and Company this morning regarding construction use tax. I
confirmed the construction use tax payment required before the building permit is issued is based
on 50% of the total valuation of the project (less $10K) at 4%. Since the entire amount will be
rebated, I further committed we will not audit this project or require a “truing up” to actual. Since
Colorado sale and use tax is different from Wisconsin, I also confirmed the construction use tax
applies only to Vail and purchases from elsewhere in Colorado could have county and/or state tax.
To be sure no one charges any Vail tax on construction materials, they can use the building permit
showing the use tax as evidence of payment and the supplier should honor that document.
Judy G. Camp, CPA
Chief Administrative Officer
Finance Director
970.479.2119
970.331.3274 cell
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