|BILL AS INTRODUCED||2007-2008|
Introduced by Representative Hosford of Waitsfield
Subject: Taxation; sales tax; exemptions; carbon-fiber bicycles
Statement of purpose: This bill proposes to create a sales tax exemption for carbon-fiber bicycles.
AN ACT RELATING TO CARBON-FIBER BICYCLE SALES TAX EXEMPTION
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:
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) Carbon-fiber bicycles.
Sec. 2. EFFECTIVE DATE
This act shall apply to sales and uses on and after July 1, 2008.
The Vermont General Assembly
115 State Street