Sales/Use/Indirect:
Vermont: New Law Repeals Cloud Software Exemption and Subjects SaaS to 6% Tax as of July 1
H.B. 887, governor’s veto overridden by House and Senate 6/17/24. Effective July 1, 2024, new law repeals Vermont’s sales and use tax exemption on prewritten computer software accessed remotely (i.e., “cloud software”), thus subjecting items like software as a service (SaaS) to Vermont’s 6% sales and use tax. Specifically, under the new law, taxable tangible personal property generally includes prewritten computer software “regardless of the method in which the prewritten computer software is paid for, delivered, or accessed.” Please contact us with any questions.
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