Bill > S0274

This bill modifies the existing sales and use tax exemption for fuel used in a residence for domestic use, meaning fuel like electricity, oil, and gas used for heating and other household purposes. Specifically, it clarifies that this exemption will no longer apply to fuel purchased for second homes, short-term rental properties, or other residential properties that are not considered a primary residence, as defined by a new provision that will be annually updated by the Commissioner. The Commissioner will publish a list of properties classified as "nonhomestead residential" each year, and sellers will be protected from tax liability if they rely on this list and a property is incorrectly omitted. This change is set to take effect on July 1, 2029.

Budget and Finance

https://legislature.vermont.gov/bill/status/2026/S.274