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Committee debates sales‑and‑use tax relief for building materials; votes to strike proposal for now
Summary
Committee members reviewed a proposed sales‑and‑use tax exemption or rebate for materials used in affordable housing developments, sought analysis from the Joint Fiscal Office and the Department of Taxes, and by committee consensus removed the provision from the bill pending further work.
Committee members on Feb. 28 debated a draft provision that would exempt or rebate sales‑and‑use tax on building materials for projects tied to affordable housing. Cameron Wood, Office of Legislative Council, summarized that the draft tried to limit tax relief to affordable housing so it could be administered by the Tax Department and VHFA. "This is the latest version of that language," Wood said, but he noted it "has not been endorsed by the tax department."
Chad Simmons, Vermont…
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