Bill H.438, introduced by Representative Galfetti, proposes to exempt the sale of building materials and supplies from sales and use tax specifically for the construction of priority housing projects. The bill amends current law under 32 V.S.A. § 9743, which outlines organizations not covered by sales and use taxes. The new language adds an exemption for building materials and supplies used in priority housing projects, defined in 10 V.S.A. § 6001, alongside existing exemptions for governmental bodies and certain organizations.

Additionally, the bill stipulates that this exemption will take effect on July 1, 2025. This legislative change aims to support the development of priority housing projects by reducing the financial burden associated with purchasing necessary building materials and supplies.

Statutes affected:
As Introduced: 32-9743