I got this following note from Nancy Wood of the Burlington Business Association. My initial feelings regarding the proposed streamlined sales tax is negative as I believe it will be more of a burden to Vermonters and will give up local control to the other collective states that have signed on to it. I will definately be attending and I am very interested to hear it explained further.
Dear BBA Members,
If you currently collect Vermont sales tax, if you ship outside of your place of business (in state or out), if you sell beer at retail…. you will be affected by the new streamlined sales tax that goes into effect on January 1. The state’s summary explanation of the tax changes is attached, and we invite you to learn more at a free breakfast seminar on November 28 that we are co-hosting with the Lake Champlain Regional Chamber of Commerce and GBIC. Details about the breakfast are below.
On January 1st, 2007, Vermont will join 19 other states that have signed onto the Streamlined Sales Tax Project — a multi-state agreement working toward simplifying sales tax compliance stemming from a boom in Internet sales. Not only will this affect how Vermont businesses collect the sales tax on current items, it will also expand the taxing authority to new items, such as beer and downloaded software.
Please join the Lake Champlain Chamber, GBIC and the Burlington Business Association for breakfast at the DoubleTree Hotel on November 28th at 8 a.m. We will be joined by officials from the Vermont Department of Taxes who will describe the implications of the new sales tax provisions and how it will affect your business.
To register for this free event, please e-mail [email protected].