INCENTIVE DESCRIPTION

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


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.