Budget & Taxes (Sales Tax)

This bill changes Vermont's cannabis regulations by removing the 30% THC limit for flower and raising the concentrate limit to 70%. It increases the per-transaction retail purchase limit from one to two ounces of cannabis or equivalent products. The bill also eliminates the requirement for cannabis businesses to submit ads to the Cannabis Control Board for review, lowers the excise tax from 14% to 10%, and allows municipalities to condition permits on local ordinances or hold 2026 election votes on cannabis establishment authorization. Additionally, it expands access to the Cannabis Business Development Fund and appropriates $1 million for it.

H 711 would exempt sales of gold or silver bullion and coins purchased for investment from Vermont's sales and use tax, effective July 1, 2026. The bill specifically covers refined gold/silver bullion and coins (like bars or minted coins) used as investment, excluding jewelry, art, or industrial metals. It amends Vermont law to clarify that this exemption promotes investment in precious metals and defines "precious metal bullion or coins" as items valued primarily by their metal content. This change directly affects individuals and investors buying investment-grade gold or silver.

H.643 redirects all revenue from Vermont's purchase and use tax to the Transportation Fund instead of the Education Fund, phasing out the education allocation over six years. The bill gradually reduces the annual cap for education funding - from $50 million in 2026 down to $10 million in 2030 - before fully repealing it by 2031. This change directly affects state budget allocations, shifting funds from education to transportation infrastructure without altering the tax itself. The policy change takes effect annually starting July 1, 2026, with full implementation by 2031.

This bill (H 85) expands Vermont's tax exemptions for vehicles used in forestry operations. It adds motor trucks, semi-trailers, tractors, truck cranes, and other specific forestry equipment (like skidders, log loaders, and whole-tree chippers) to the list of vehicles exempt from sales tax and purchase/use tax. The exemption applies to businesses engaged in forestry activities, including timber cutting, removal, processing, and transportation of forest products. The bill modifies existing tax code sections to include these vehicles and requires state agencies to publish application guidance.

This bill exempts certain forestry vehicles from Vermont's vehicle use tax. It provides full tax exemption for specific equipment used in timber cutting, removal, and processing (like skidders, feller bunchers, and log loaders), and a 50% tax exemption for heavier vehicles used in transportation (such as semi-trailers and trucks over 10,000 pounds). Businesses purchasing these vehicles must certify their use at purchase, and the Department of Motor Vehicles must provide application guidance. The exemptions begin July 1, 2025, and expire July 1, 2028.