Introduced by Senator Doyle of Washington District
Subject: Taxation; sales tax; textbook exemption
Statement of purpose: This bill proposes to restore the sales tax exemption for textbooks sold at a college bookstore.
AN ACT RELATING TO SALES TAX EXEMPTION FOR COLLEGE TEXTBOOKS
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. 32 V.S.A. § 9741(48) is added to read:
§ 9741. SALES NOT COVERED
Retail sales and use of the following shall be exempt from the tax on retail sales imposed under section 9771 of this title and the use tax imposed under section 9773 of this title.
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(48) Sales of textbooks by a bookstore on a college campus.
Sec. 2. EFFECTIVE DATE
Sec. 1 of this act (sales tax exemption for textbooks from a college bookstore) shall apply to sales on or after January 1, 2005.
The Vermont General Assembly
115 State Street