Finance 
                                                                                                     th
                                                                                                    250 North 5  Street 
                                                                                Grand Junction, Colorado 81501 
                                                                                                     (970) 244-1521 

                        Initial Use Tax Return 
  
 Use Tax is due on the purchase price of assets and property that will be used or consumed in Grand Junction 
 when no previous sales tax has been paid.  If City of Grand Junction sales tax is not paid to the vendor at the 
 time of purchase, use tax is due and must be remitted directly to the City.   
  
 Initial Use Tax is due on business assets and supplies when an individual opens a new business or purchases an 
 existing business.   Initial Use Tax must be reported on the Initial Use Tax Return.  Subsequent use tax must be 
 reported on the City Sales and Use Tax Return.   
  
  • New Businesses: Individuals opening new business establishments must pay use tax (32. 5%) on 
    business assets and supplies purchased for use or consumption in the City of Grand Junction business 
    when sales tax has not previously been paid on these items.   
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        o DUE DATE: Initial Use Tax is due on the 20  of the month following the first day of 
          business.  
  
  • Acquired Business: Use tax is due on tangible personal property (except inventory held for lease, rental 
    or resale) which is acquired with the purchase of a business. Use Tax is due at the rate of 32. 5% of the 
    purchase price of the assets acquired as long as the purchase price is not less than fair market value of 
    the assets.  Acceptable evidence of purchase price includes the bill of sale or purchase agreement.  When 
    the transaction is a lump-sum transaction, use tax is due on the book value of the assets acquired.  When 
    a business is sold in exchange for the assumption of outstanding indebtedness, the tax shall be paid on 
    the fair market value of all taxable tangible personal property acquired by the purchaser.  
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        o DUE DATE: Initial Use Tax is due on the 20  of the month following the date of sale.   
  
  PLEASE FILL OUT THE RETURN ON THE BACK OF THIS PAGE AND 
                        RETURN WITH PAYMENT TO: 
                                                    
                                         City of Grand Junction 
                                                   Finance  
                                                        th
                                         250 North 5  Street 
                                   Grand Junction, Colorado 81501 
                                                   
                                               QUESTIONS: 
                                          Phone:  (970) 244-1521

                                  INITIAL USE TAX RETURN

                                                                                     DUE DATE:
TAXPAYER NAME: 

ACCOUNT #: 

                                                                                      TAXABLE AMOUNT
1. OFFICE FURNITURE, SUPPLIES AND EQUIPMENT:                                             (Purchase Price)
Computers, copiers, fax machines, printers, telephones, and other business 
machines, office furniture and supplies. 
                                                                                     $
2. RETAIL FURNITURE, EQUIPMENT, AND FIXTURES:
Cash registers, counters, display racks and units, shelving, booths, tables, chairs, 
and other restaurant furnishings. 
                                                                                     $
3. FOOD SERVICE PROCESSING EQUIPMENT AND SUPPLIES:
Coolers, freezers, ovens, fryers, mixers, knives and other kitchen equipment and 
supplies, dinnerware, linens, and catering equipment. 
                                                                                     $
4. WAREHOUSE AND SHOP EQUIPMENT:
Shop equipment and supplies, tools, compressors, conveyors, packaging equipment, 
bailers, and forklifts.
                                                                                     $
5. MEDICAL TOOLS, EQUIPMENT AND SUPPLIES:
Medical beds, dental chairs, medical supplies and tools, disposable supplies, 
sterilization equipment and laboratory equipment. 
                                                                                     $

6. SIGNS AND OTHER OUTDOOR DISPLAYS:                                                 $

7. CLEANING SUPPLIES AND JANITORIAL EQUIPMENT:                                       $

8. OTHER ITEMS: ______________________________                                       $

9. TOTAL TAXABLE AMOUNT (total lines 1 through 8)                                    $

10.GROSS USE TAX DUE (line 9 x 3.25%)                                                $

11.CREDIT FOR TAX PAID                                                               $
Invoices may be requested as documentation
12.NET USE TAX DUE (subtract line 11 from 10)                                        $
                       13. PENALTY (10% of line 12, $15 minimum)                     $
LATE FILING 
CHARGES                14.  INTEREST (1.5% of line 12 per month late)                $

15.TOTAL AMOUNT DUE (total lines 12 through 14)                                      $
Makes Checks Payable to City of Grand Junction
Under penalties of perjury, I declare that I have examined this Initial Use Tax Return and it is true and correct to the best of my knowledge and 
belief. 

SIGNATURE                                                                            DATE

PRINTED NAME                                          TITLE                          PHONE NUMBER

           City of Grand Junction * Finance * 250 North 5th Street* Grand Junction, CO 81501
Phone: (970) 244-1521 * FAX (970) 256-4078 * www.GJCITY.org * gjsalestax@gjcity.org
Form #GJ500 (01/2020)