The bill S.46 amends the taxation laws related to vehicles used for forestry operations in Vermont. It introduces a tax exemption for specific motor vehicles utilized in timber cutting, removal, and processing, including skidders, feller bunchers, and log loaders, along with their repair parts. Additionally, it allows for a 50% tax exemption on certain larger vehicles, such as semi-trailers and motor trucks with a gross vehicle weight of 10,000 pounds or more, which are also used in these forestry operations. The Department of Motor Vehicles is granted the authority to require purchasers to certify the exemption at the time of purchase and to publish guidance on the application of this exemption.

The bill also includes a definition for "motor truck" and repeals a previous provision regarding the tax exemption for certain vehicles. The effective dates for these changes are set for July 1, 2025, for the purchase and use tax exemption and the definition of motor truck, while the repeal of the previous exemption will take effect on July 1, 2028.

Statutes affected:
As Introduced: 32-8911(23), 32-8911, 32-9741(51), 32-9741
As Passed By the Senate -- Official: 32-8911(23), 32-8911, 32-9741(51), 32-9741, 32-8902
As Passed By the Senate -- Unofficial: 32-8911, 32-8902