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Committee briefed on agricultural sales-tax exemptions, 75% use rule for machinery emphasized
Summary
Staff reviewed two major Vermont sales-tax farm exemptions: a product-based exemption for agricultural supplies and a use-based machinery-and-equipment exemption that requires predominantly agricultural use (defined as 75% or more). Members probed boundaries such as sod farms, timber and hobby farmers.
The Ways & Means Committee heard a detailed explanation of Vermont's two principal agricultural sales-tax exemptions: a product-based exemption for specified agricultural supplies and a use-based exemption for machinery and equipment used in agricultural production.
Kirby, the committee staff member leading the briefing, described the product-based exemption as a statutory list of items (seed and other inputs). "If what's being bought is on that list, then it's exempt," Kirby said, noting the fact sheet walks purchasers through a sequence of…
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