Bill H.438, introduced by Representative Galfetti, aims 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 a provision that explicitly includes priority housing projects as eligible for this tax exemption, alongside existing exemptions for governmental bodies and certain organizations.

Additionally, the bill stipulates that this act will take effect on July 1, 2025. This change is intended 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