VT H0308

All building materials and supplies would be exempt from Vermont sales and use tax, covering materials consumed, employed, or expended in construction, reconstruction, alteration, remodeling, or repair of any building or structure

The exemption takes effect July 1, 2025 and includes a three-year sunset provision, expiring July 1, 2028

After the sunset, the exemption reverts to the previous limited version: only building materials exceeding $1,000,000 in purchase value within three consecutive years for manufacturing facilities used exclusively to produce tangible personal property for sale

Blueprints are explicitly excluded from the definition of "building materials and supplies" and do not qualify for the exemption

The stated statutory purpose changes from providing incentives to restore downtown districts to reducing the overall cost of construction in Vermont