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Rep. Craig Burt introduces H.711 to exempt investment bullion from Vermont sales tax
Summary
At a Ways & Means hearing Representative Craig Burt introduced H.711, which would exempt investment-grade precious metals (bullion and certain coins) from Vermont’s 6% sales tax while preserving sales tax on jewelry. Burt said the change would align Vermont with most states and likely have a "de minimis" revenue effect; the committee asked for expert testimony on compliance and revenue impact.
Representative Craig Burt introduced H.711 to the Ways & Means committee, describing the bill as a targeted exemption that would remove the state sales tax on investment-grade precious metals such as bullion and certain coins while leaving jewelry sales taxed. "This bill is about removing the sales tax from, precious metals, bullion, or exempting them from the sales tax," Burt said while explaining the draft language separates investment bullion and coins from retail…
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