Vt. collected $1 million in use tax since informational campaign this summer

News
bag of money_1509748018573.jpg

The Vermont Department of Taxes collected $1 million in use taxes since it started an educational campaign this summer, according to Commissioner Kaj Samsom.

A use tax is a tax on non-tax exempt items bought in a tax-free state or online.

Approximately 2,500 Vermonters paid the use tax this year who had not paid it in the last three consecutive years,” Samsom said.

The department sent letters to 18,000 Vermonters this summer informing them about the use tax. Letters were targeted to people who did not have a record of paying it.

“When the Legislature passed Act 73, the Joint Fiscal Office estimated that increased education and compliance efforts in FY18 would yield $1.875 million,” said Samsom. “There are 8 months left in the fiscal year so it looks like we are on track to meet this target, as I expect the 2018 filing season will show continued improvement over prior years.”

The Tax Department gave  Vermonters until October 31st to settle up their use tax bill free of penalty fees and interest.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending

Trending Stories

Latest Coronavirus Headlines

More Coronavirus

SkyTracker Weather Blog

More SkyTracker Blog