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Vermont tax holiday is this weekend

MONTPELIER With the Independence Day weekend behind us, state officials today took time to remind Vermonters that Sales Tax Independence Days are coming this weekend. I hope the people of Vermont and visitors to our state will take advantage of this opportunity to purchase products without paying state sales tax, said Governor Jim Douglas. This weekend is a chance to save some much needed cash, and to help Vermont businesses. Included in the Governors Economic Growth Initiative, the sales tax holiday on July 12 and 13 means all non-business purchases of property costing $2,000 or less will be exempt from state sales tax except automobiles and vehicles. Customers can purchase multiple items on one invoice totaling more than $2,000 and still receive the exemption if the selling price of each item is $2,000 or less. For example, a customer can purchase two bicycles for $1,500 each; a roof rack for $300; and two helmets for $150 each. The invoice total is $3,600, however because each item is priced below $2,000 the entire invoice is exempt from sale tax. And from July 14th through 18th, the sale tax holiday is extended on Energy Star-rated appliances costing $2,000 or less. This a great opportunity to replace that old, inefficient clothes washer or other appliances with a new ENERGY STAR -model that can help lower your electricity costs and save more money over the long run, Douglas said. In addition to the sales tax savings, Efficiency Vermont is continuing its offer of cash rebates from $25 to $50 on selected ENERGY STAR -appliances. Efficiency Vermont is the states provider of efficiency services and is currently operated by Vermont Energy Investment Corporation (VEIC), an independent non-profit organization under contract to the Vermont Public Service Board. Purchasing an ENERGY STAR appliance helps Vermonters lowers their energy costs, said Scott Johnstone, executive director of VEIC. Everybody benefits from that. Not only do consumers get their electric bills lowered, but reducing demand means utilities dont need to purchase as much power, Johnstone said. That helps reduce not only everyones future electricity bills but emissions as well. The state has been promoting the sales tax holiday event in concert with retailers and Efficiency Vermont. We are promoting this event not only to Vermonters, but to neighboring states and Quebec, said Kevin Dorn, Secretary of the Agency of Commerce and Community Development. Vermont is always a popular vacation destination in the summer, and this sales tax holiday can make the state even more attractive to visitors. Learn more at: www.taxfreevt.com

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