ANNOUNCEMENT 12 Jun 2017

The exemption applies to forestry equipment and dyed diesel used in forestry equipment.

 

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 12 Jun 2017 | Removal date: open ended

Tax or social insurance relief

On June 12, 2017 the governor of Vermont signed into law a bill (H.495, now Act 75) dealing with numerous agricultural topics. One provision of the act exempts forestry equipment and dyed diesel used in forestry equipment from the state sales tax. The Vermont state sales tax rate is 6%, and the average sales tax after local surtaxes is 6.14%. Counties and cities in Vermont are allowed to charge an additional local sales tax on top of the Vermont state sales tax, with 10 cities charging the additional 1% local sales tax.

AFFECTED SECTORS