When to Tax Purchases of Agricultural Machinery, Equipment, and Supplies

When sales of machinery, equipment, and supplies used in agricultural operations take place, it may not be obvious to the seller or purchaser whether sales tax should be charged or if the item is exempt. The VT Dept of Tax fact sheet offers a few questions to be answered at the point of sale to determine whether an item is taxable or tax exempt.

Davis & Hodgdon Associates CPAs has been assisting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].

Information provided by the Vermont Department of Taxes.