A. It is the intent of this chapter that every person in the town who purchases at retail or leases any "tangible personal property" or purchases a taxable service as defined by this chapter is exercising a taxable privilege. All sales, leases, and purchases of "tangible personal property" as defined in this chapter are taxable unless specifically exempted in this chapter. The sales tax imposed on tangible personal property by this chapter applies to each transfer of ownership, possession, and control of such property and may occur more than once during the life of the property.

B. No obligation to collect the sales tax required by this chapter may be applied retroactively. Responsibilities, duties and liabilities described in this chapter with respect to a marketplace facilitator, marketplace seller, or multichannel seller begin upon the earlier of when they became licensed to collect the town's sales tax, or when they became legally obligated to collect the town's sales tax under this chapter. (Ord. 30, Series 2021)