Vermont Removes Tax on Cloud Computing Services
- Jun 8, 2015 | Gail Cole
It was resolved in one simple sentence tucked into recently enacted Senate Bill 138:
“ Charges for the right to access remotely prewritten software shall not be considered charges for tangible personal property under 32 V.S.A § 9701(7).”
The exemption for prewritten software accessed remotely takes effect on July 1, 2015.
This and other aspects of the measure were lauded by the governor for sending “a strong signal that Vermont is a tech friendly state in which to locate and grow a tech business.”
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