Vermont H0308 exempts sales of building materials and supplies from sales and use tax for three years.

Vermont H0308 amends the sales and use tax law to exempt sales of building materials and supplies from tax for three consecutive years. This exemption aims to reduce construction costs and incentivize the restoration and revitalization of downtown districts. The exemption takes effect on July 1, 2025, and reverts to the previous exemption on July 1, 2028.

Vermont H0308 exempts sales of building materials and supplies from sales and use tax for three years.

Vermont H0308 amends the sales and use tax law to exempt sales of building materials and supplies from tax for three consecutive years. This exemption aims to reduce construction costs and incentivize the restoration and revitalization of downtown districts. The exemption takes effect on July 1, 2025, and reverts to the previous exemption on July 1, 2028.