Vermont Tax Information

What you need to know

•    No inventory tax. The inventory tax has been eliminated in most area communities and is being phased out in others.

•    No county tax.

•    No local sales tax.

•    No local corporate net worth tax.

•    Low state sales tax 5%.

•    No sales tax on manufacturing equipment or packaging.

•    Rooms & meals tax 10%.

•    Real estate taxes currently only at local level. Total real property and school taxes average $1.73 per hundred of value. Low profits tax.

•    A corporate tax on Vermont net income only, graduated from 6% under $10,000 to 9% over $250,000, offering complete pass through of all federal tax benefits.

Further business tax information is available from the Vermont Department Of Taxes (802-828-2551).