Lawmakers in Vermont have introduced a proposal for the state to participate in a one day sales tax holiday during the anniversary of Hurricane Irene. If approved, the 6% state sales tax would be waived on purchases made on Tuesday, August 28th; sales tax on purchases of home insulation products would be also be waived for the entire week at this time. Estimations say this holiday could cost the state around $1.5 million in revenue, but strategy is still being discussed.
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