Estimated Cost of Sales Tax Exemptions at 5% Rate of Taxation


ExemptionAmount
All retail grocery food $30,000,000
Agricultural feed, seed, fertilizer (non-farm) 3,000,000
Beer 1,200,000
Farm fuels 1,500,000
Fuels for domestic use (including electricity) 20,000,000
Fuels used in manufacturing 5,000,000 *
Funeral services 700,000
Manufacturing machinery & equipment 10,000,000
Motor fuels (gasoline and diesel) 19,000,000
Newspaper sales 1,000,000
Non-prescription medications and supplies 1,600,000
Prescription drugs 1,800,000
Snack food (excluding soft drinks) 4,300,000
Soft drinks 2,000,000
Spiritous liquor 1,200,000

* Joint Fiscal Estimates.

Source: Vermont Tax Department, January 9, 1997.