An act relating to exempting sales of building materials and supplies from sales and use tax for priority housing projects

This bill would create a new sales tax exemption for building materials and supplies used in constructing "priority housing projects" as defined in Vermont law. It directly affects construction companies and developers building qualifying housing projects by eliminating the state sales tax on materials like lumber, drywall, and roofing. The exemption applies to all materials consumed during construction, including those physically incorporated into the building. The change would take effect on July 1, 2025, and requires vendors to maintain records of exempt sales.