Tax & Accounting Blog

Vermont Sales Tax Holiday on the Horizon?

Indirect Tax, ONESOURCE, Sales and Use Tax February 27, 2012

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.