Vermont Chamber Members Gear Up for Sales Tax Holiday
NEWS
FOR IMMEDIATE RELEASE
February 25, 2010
Contact: Jeff Morton
Director of Communications
(802) 229-2273
jmorton@vtchamber.com
Vermont Chamber Members Gear Up for Sales Tax Holiday
Businesses to Capitalize on Tax-Free Incentive
Vermont business owners have high expectations for the approaching sales tax holiday scheduled for Saturday, March 6 and they are remaining confident that the day will provide a much needed boost to their bottom lines in this down economy.
“These sales tax holidays play an important role in getting struggling Vermont businesses back on the path to economic stability,” said Betsy Bishop, President of the Vermont Chamber of Commerce. “We are optimistic that Vermonters will be out across the state taking advantage of the tax-free holiday as well as other incentives that local businesses are offering. It’s really a win, win situation for consumers, for Vermont businesses, and for the state as we all work to get the economy rolling again.”
In 2009, the Legislature approved two tax-free holidays allowing any products costing $2,000 or less, that are normally subject to sales and use, or local option sales tax to be exempt.
Vermont Chamber member businesses are gearing up for what they anticipate to be a busy day. Some businesses are extending their hours, adding additional staff, and even adding extra discounts and promotions.
At Buck’s Furniture in Wolcott, co-owner Sandy Howard said she hopes the sales tax holiday will draw consumers into her store to purchase items that they may not otherwise buy if they had to pay sales tax.
“This day really helps merchants,” Howard said. “The previous sales tax holiday last August was our single biggest sales day in our 52-year history and we’re hoping we get the same response next week.”
Howard said that Buck’s Furniture will be open 24 hours from Midnight on Friday until Midnight on Saturday and they will have additional staff on hand in order to assist an influx of customers. In addition to no sales tax, Howard said the furniture store will also be offering other promotions and deals.
Please contact Jeff Morton if you wish to interview Buck’s Furniture or the Vermont Chamber of Commerce for your tax-free holiday stories.
The Vermont Chamber of Commerce, the largest state-wide private, not-for-profit business organization represents nearly every sector of the state's corporate/hospitality community. Our mission is to create an economic climate conducive to business growth and the preservation of the Vermont quality of life.
