Shoppers can take advantage of Vermont's sales tax holiday today, March 6th on taxable products, including tobacco and alcohol.
The first sales tax holiday of the year will have cosumers saving 6 percent sales tax, as well as the local option sales tax put into place in some communities throughout Vermont. These include: Burlington, Dover, Killington, Manchester, Middlebury, Rutland Town, South Burlington, Stratton and Williston.
When shopping today, it's important to keep in mind important exemptions.
1) Purchases of tangible goods for non-business use costing $2,000 or less per item are exempt from state sales tax and local option tax.
2) Certain items are not exempt from the sales tax holiday. These include digital downloads of books, movies and music, telecommunications or cable television service charges, season passes for ski resorts or amusement parks.
3) Automobiles and other vehicles are not exempt from the sales tax holiday as they are subject to the motor vehicle purchase-and-use tax.
4) Items that are purchased online, over the phone and through email are exempt during the tax holiday as long as the items are purchased and paid for on Saturday, March 6th, even though they may be delivered on a later date.
5) Beer, wine and liquor that are bought in stores are exempt from both state and local option sales tax, though these items are not exempt if bought in a bar or restaurant, as they are subject to the state meals-and-room tax.
6) Qualifying items bought in a store and paid in full, but are scheduled for delivery at a later date, are exempt from sales tax on the tax holiday.
7) Layaway items are exempt from sales tax if the final payment and possession take place on the tax holiday.
For more information on the Vermont sales tax holiday (March 6, 2010): Vermont Department of Taxes
Sources: vt.gov; taxfreevt.com
Photo: Erika Martin
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