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 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 the exemption for priority housing projects will only apply if the relevant governmental body or organization obtains a certificate from the Commissioner, ensuring proper documentation of the sale. The act is set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 32-9743