Vermont ~ Sales and Use Tax: Exemption for Manufacturing Facility Building Materials Amended

A Vermont sales and use tax exemption for building materials used in the construction, renovation, or expansion of manufacturing facilities is amended to remove a provision authorizing the required purchase value of such materials to be reduced to $250,000 upon approval of the Vermont Economic Progress Council. Therefore, building materials purchased within any three consecutive calendar years are exempt if their purchase value exceeds $1 million and they are used in the construction, renovation, or expansion of facilities that are used exclusively (except for isolated and occasional uses) for the manufacture of tangible personal property for sale.

H.B. 868, Laws 2016, effective January 1, 2017

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