Computer Sales Tax Holiday

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Computer Sales Tax Holiday

Sun, 10/03/2004 - 8:00pm -- tim

Computer Sales Tax Holiday
October 9-11
Montpelier, Vt.-Governor Jim Douglas is urging Vermonters to take
advantage of this year's second computer sales tax holiday being held
Saturday, October 9 through Monday, October 11.
The tax holiday is the third of its kind in Vermont. The first, championed
by Douglas in 2002, was approved by the Legislature for early August of
2003, another was held in August of this year, just before students
returned to school.
"Our first computer sales tax holiday was such a success I urged the
Legislature to approve additional opportunities," Governor Douglas said.
Under the guidelines issued by the Vermont Department of Taxes, personal
computers costing up to $4,000 are tax-exempt when purchased by an
individual.
The Governor believes personal computers encourage Vermonters-young and
old-to take advantage of technology, advance their skills and improve
their prospects for high-wage technology jobs.
"One reason Vermont's economy continues to improve is because we have
embraced the transition to the 21st Century," Douglas said. "Personal
computers help us value technological advances that make it possible for
our workforce to operate in a diverse, high-wage economy. In many cases,
they can help Vermonters work full-time from some of the most remote
corners of our state.
According to a recent survey conducted by the Consumer Electronics
Association (www.CE.org ), individuals are 51 percent
more likely to by a personal computer during a sales tax holiday. 74
percent of survey respondents said it is important for school-aged
children to have access to a personal computer.
More information about the personal computer sales tax holiday is
available at www.state.vt.us/tax or by
calling the Department of Taxes at (802) 828-2551.