An act relating to exempting sales of building materials and supplies from sales and use tax

H 308 would temporarily exempt all building materials and supplies from Vermont's sales and use tax for manufacturers constructing or renovating facilities used exclusively for manufacturing tangible goods. The exemption applies to purchases exceeding $1 million annually over any three consecutive years, reducing construction costs for these businesses. It would take effect July 1, 2025, and sunset on July 1, 2028, reverting to Vermont's previous limited exemption for manufacturing facilities. This change directly affects manufacturers planning facility construction or renovation projects.