| State: |
VT |
| Incentive Type: |
Sales and Use Tax Incentives |
| Incentive Title: |
Sales Tax Exemptions |
| Description: |
1. SALES AND USE TAX EXEMPTION: Exemption on sales of building materials purchased within any three consecutive years in excess of $1 million to purchase value used in the construction, renovation or expansion of facilities for manufacturers. May apply to have threshold reduced to $250,000. Must pre-pay the tax to Dept. of Tax. Contractors or the manufacturer may then purchase building materials tax-exempt. Once the $250,000 level is met, purchases are tax exempt.
2. HIGH TECH SALES AND USE TAX EXEMPTION FOR PERSONAL COMPUTERS AND INCLUDED SOFTWARE: Sales tax exemption for a high tech business on the purchase of new computers and included software. |
| Eligibility Requirements: |
1. Manufacturing entities.
2. Business use must be for use in the state of Vermont and be a part of the activities included in the incentive package. |
| Geographic Restrictions: |
Statewide |
| Granting Authority: |
Vermont Economic Progress Council |
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