Will Vermont Tax Candy and Soda?
- Apr 29, 2015 | Gail Cole
Subject candy and soda to Vermont sales tax and Vermont property tax could go down. That’s the theory behind the omnibus health care bill amendment that was overwhelmingly approved last week by the House Ways and Means Committee.
The measures would do the following, effective July 1, 2015:
- Apply Vermont state sales tax to soft drinks and candy.
- Extend the meals and room tax to “food or beverage sold through a vending machine”
The imposition of the above taxes would allow the nonresidential property tax rate for FY 2016 to drop from $1.59 to $1.515 “per $100 of assessed value.”
In addition, the measure would increase taxes on tobacco products:
- From $2.29 to $2.38 per ounce of snuff
- From $2.29 to $2.38 per ounce of new smokeless tobacco
- From $2.75 to $2.85 per package of cigarettes
Read the amendment draft of S. 139, as passed by the Ways and Means Committee.
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