Sales Tax Holidays in July

The Legislature has enacted a sales tax holiday period in July 2008

July 12 – 13: all non-business purchases of property with selling price of $2,000 or less are exempt from the Vermont Sales Tax.

July 14 – 18: the holiday is continued but only for Energy Star qualified appliances.

Additional information is available at the links below.  The Department will be posting further information as it is developed.

Questions & Answers

House Bill 888, Section 81a

Streamlined Sales Tax

The majority of states with sales tax and the businesses who sell into most of these states developed an agreement to simplify sales tax administration for states and to reduce the burden of tax compliance for businesses. The Agreement primarily focuses on businesses with limited or no connection that sell to the states’ citizens through mail order, catalogs and the Internet.

States must apply for membership to the Streamlined Sales Tax Project. Vermont became a member as of January 1, 2007.

Through the Streamlined Sales Tax agreement, businesses get:

• A uniform definition of taxable items. Items subject to sales tax will be the same in all states at both the state and local option level

• A central, electronic registration system for all member states

• One account number for use in all states

• Simplified tax returns and reporting

• Simplified tax remittances options

• Ability to protect their customers’ privacy

Through the Streamlined Sales Tax agreement, the states get:

• Revenue that would otherwise be lost to the state

• Businesses collecting the sales tax for the state where the sales are to be delivered even if the business has limited or no physical connection with that state

NOTE:
The Streamlined Governing Board recently amended the Streamlined Sales Tax Agreement (SSAT) by eliminating the provision regarding Multiple Points of Use (MPU). Since it is Vermont's intent to conform to the SSTA, of which it is a member, the Vermont regulation that paralled the MPU provison, §1.9701(8)-4, will be removed from the regulation and will not be enforced.

Click below to view information on:

- Changes to Vermont's current sales tax definitions and laws - General Streamlined Sales Tax Project FAQ - 'Vermont-specific' Streamlined Sales Tax Project FAQ - Vermont State SST Specifications - Data Requirements For Seller/CSP Initiated ACH Credit Payments - Sales and Use Tax Rate Table - updated 03/03/08 - Vermont Sales Tax Calculator
Vermont Rate and Boundary tables will be reposted by the first day of the month preceeding the beginning of the next quarter.
- Vermont Boundaries Table - updated 03/03/08 - Vermont Rates Table - updated 09/05/07 - Taxability Matrix
- Petition for Membership - Certificate of Compliance