§ 45-56-242-22

(a) The governing body of the county is hereby authorizedto levy and impose excise taxes on the storage, use, or other consumption ofproperty in the county as hereinafter provided in this section: (1) On thestorage, use, or other consumption in the county of tangible personal property,not including, however, materials and supplies bought for use in fulfilling acontract for the painting, repairing, or reconditioning of vessels,barges, ships, otherwatercraft, and commercial fishing vessels of over five tons load displacement asregistered with the United States Coast Guard and licensed by the StateDepartment of Conservation and Natural Resources, purchased at retail on orafter the effective date of the tax, for storage, use, or other consumption inthe county at the rate of up to one percent of the sales price of such propertyor the amount of tax collected by the seller, whicheveris greater, except as providedin subdivision (2).(2) Where anyused automotive vehicle or truck trailer, semitrailer, or house trailer istaken in trade, or in a series of trades, as a credit or part payment on thesale of a

providedin subdivision (2).(2) Where anyused automotive vehicle or truck trailer, semitrailer, or house trailer istaken in trade, or in a series of trades, as a credit or part payment on thesale of a new or used vehicle, the tax levied herein shall be paid on the netdifference, that is, the price of the new or used vehicle sold less the creditfor the used vehicle taken in trade.(b) There are exempted from this section, and from thetaxes authorized to be imposed by this section, the storage, use, or otherconsumption of property the storage, use, or other consumption of which ispresently exempted under the state use tax statutes from the state use tax. Subject to those exemptions, everyperson storing or using or otherwise consuming in the county tangible personalproperty purchased at retail on or after the effective date of any taxesimposed pursuant to the authorization contained in this section shall be liablefor the taxes so imposed, and the liability shall not be extinguished until thetax has been paid by that person; provided,however, that a receipt from a retailer maintaining a place of business in thecounty given to the purchaser, or other receipt or documentation

shed until thetax has been paid by that person; provided,however, that a receipt from a retailer maintaining a place of business in thecounty given to the purchaser, or other receipt or documentation regardingpayment of tax permitted under applicable rules and regulations, shall besufficient to relieve the purchaser from further liability for tax to which thereceipt or documentation may refer.(c) Any provision of this section to the contrary notwithstanding, theamount of the additional levy shall not exceed one percent.(Act 2015–74, p. 269, § 4.)