(1) 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 and described in this Article.

(2) The storage, use or consumption of any tangible personal property purchased for resale in the Town, either in its original form or as an ingredient of a manufactured or compounded product in the regular course of business.

(3) The storage, use or consumption of tangible personal property brought into the Town by a nonresident thereof for his or her own storage, use or consumption while temporarily within the Town; however, this exemption does not apply to the storage, use or consumption of tangible personal property brought into the State by a nonresident to be used in the conduct of a business in the State.

(4) The storage, use or consumption of tangible personal property by the United States Government or the State, or their institutions or political subdivisions, in their governmental capacities only or by religious or charitable corporations in the conduct of their regular religious or charitable functions.

(5) 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.

(6) The storage, use or consumption of any item of tangible personal property, the sale or use of which has already been subjected to a sales or use tax of another statutory or home rule municipality equal to or in excess of the tax imposed by this Article. A credit shall be granted against the use tax imposed by this Article with respect to the storage, use or consumption in the Town of tangible personal property purchased in another municipality equal to the tax paid by the taxpayer by reason of the imposition of a sales tax by the previous municipality on the purchase or use of the property. The amount of credit shall not exceed the tax as imposed by this Article.

(7) The storage, use or consumption of tangible personal property and household effects acquired outside of the Town and brought into the Town by a nonresident acquiring residency.

(8) The storage or use of a motor vehicle if the owner is, or was at the time of purchase, a nonresident of the Town, and he or she purchased the vehicle outside of the Town for use outside of the Town and actually so used it for a substantial and primary purpose for which it was acquired, and he or she registered, titled and licensed the motor vehicle outside of the Town.

(9) The use or consumption of any construction and building materials, and motor and other vehicles, on which registration is required, if a written contract for the purchase was entered into prior to the effective date of the use tax.

(10) The use or consumption of any construction and building materials required or made necessary in the performance of any construction bid let or entered into at any time prior to the effective date of the ordinance codified in this Article.

(11) The storage of construction and building materials.

(12) The use or consumption of tangible personal property within the Town which occurs more than three (3) years after the most recent sale of the property if, within the three (3) years following such sale, the property has been significantly used within the State for the principal purpose for which it was purchased. (Ord. 1263, 2007)