Enlarge image | City of Northglenn 11701 Community Center Drive Northglenn, CO 80233-8061 Phone: 303-450-8729 Fax: 303-280-4611 INITIAL USE TAX RETURN This form is to be used by new businesses or organizations located in the City of Northglenn to report initial use tax. Since use tax applies to all businesses and organizations, please make sure to understand the use tax explained in the Sales and Use Tax Information Brochure. If no use tax is due, this return must still be filed. If the initial use tax was reported on a regular sales/use tax already filed, please file this return with a note stating this fact. Please fill out all applicable sections of this return. Please report all subsequent taxable purchases on the regular sales/use tax returns. Business Name Business Address Account Number Payment Due Date Section A: Startup of a New Business Itemize all purchases made incidental to the startup of the business for furniture, fixtures, and/or supplies (not inventory) that were purchased from a vendor that did not charge a City sales tax on the item (many vendors charge State tax but not City tax). If a vendor charged less than 4% city sales tax, the difference of the tax rates must be multiplied by the taxable amount and reported on the “Excess Tax Due” space below. Invoice Date Vendor’s Name & Address Taxable Amount 4% Tax Due Excess Tax Due Section A Totals (OVER) |
Enlarge image | Section B: Purchase of an Existing Northglenn Business New owners of an existing Northglenn business must pay the 4% use tax on all furniture, fixtures, supplies (not inventory), and leasehold improvements listed on the purchase contract. Purchase Date Seller’s Name & Address Purchase Price of Items 4% Tax Due Section C: Leases of Equipment, Fixtures, and/or Furniture Please list your leases. Indicate whether the City tax is paid by the lessor or the lessee. If the lessor does not charge City sales tax, the lessee is responsible for paying City use tax for all lease payments going forward on the regular sales/use tax returns. Lease Payment 4% Tax Due From Lessor Name Lessor Address Amount Lessor Lessee Section C Totals Total amount of lease payments to date where lessor did not charge City sales tax: 4% Tax Due: Section D: Total Due Line 1: Total Taxable Amount from Sections A, B, and C Line 2: Total Tax Due from Sections A, B, and C Line 3: Penalty (If filed after due date) (Line 2 x 15%) Interest (Line 2 x 0.5% x number of months late) Line 4: (If filed after due date) Line 5: Total Due (Add Lines 2, 3, and 4) I hereby certify under penalty of perjury, that the statements made herein are to the best of my knowledge, true, and correct. Signature: Date: Printed Name: Phone Number: |