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CITY OF GREELEY, COLORADO
Instructions - Initial Use Tax Form
The INITIAL USE TAX FORM must be completed when an existing business is purchased from a previous
owner, or when opening a new business.
PURCHASED BUSINESS - If you purchased the business from a previous owner, the USE TAX you
owe is 4.11% of the purchase price of the equipment, fixtures, supplies, etc., based on the allocated
acquisition price as stated in the purchase contract, but not less than the fair market value. COMPLETE
SECTION A.
NEW BUSINESS - If this is a new business, COMPLETE SECTION B. List vendors from whom you
purchased your equipment, fixtures, furniture, supplies, etc., as shown in the purchase contract. Indicate the
purchase price in the appropriate column, Tax Was Paid or Tax Was Not Paid. Multiply the Tax Was Not Paid
column by 4.11% This is the amount due from your business.
If you lease equipment, fixtures, or furniture, a 4.11% tax is due on the gross amount of the lease.
COMPLETE SECTION C. This amount is to be paid either by you or the lessor over the period of the lease.
List all leases and indicate whether you or the lessor will pay the tax.
If a local sales tax has been paid, but at a rate of less than 4.11% use tax is due on the difference between the
amount of sales tax actually paid and the amount calculated at the rate of 4.11%
Please provide a detailed listing for each section that applies to you. If additional space is needed, attach
continuation sheets.
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Checks should be made payable to the City of Greeley. This form is due on the 20 day of the month following
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the date an existing business in Greeley is purchased. If this is a new business, the form is due on the 20
day of the month following the first day that sales are made or services are provided in Greeley. A late filing of
this form is subject to a 10% penalty of the tax owed, and interest of 1% per month of the tax owed.
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Return this form to the City of Greeley, 1000 10 Street, Greeley, CO 80631. If you need assistance in
completing the form, or have questions concerning the use tax, please contact the sales tax office at (970)
350-9733.
After the INITIAL USE TAX FORM has been filed, subsequent purchases should be included on your regularly
filed sales/use tax returns for the City of Greeley. Do not use this form to compute or pay tax on motor
vehicles, trailers, or the tax on materials used in construction of real property or real property improvements
which involve the issuance of a building permit.
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