Sales Tax Holiday

Vermonters will have the ability to buy personal property tax free on March 6th, 2010. SuperStore has begun the process of allowing customers to pre-shop our product in order to avoid the record setting crowds that we experienced last year during this event. Please find list below some detail to help explain the limitations of the event. As noted below final payment must take place on March 6th, 2010.

Sales Tax Holiday – March 6th, 2010 – Sales of items of tangible personal property costing $2,000.00 or less that would otherwise be subject to sales and use tax will be exempt from sales tax and local option sales tax during the Holiday. The items must be purchased for personal use.

Who is Eligible for the Holiday
Individuals purchasing qualifying items for their personal use are exempt from sales tax and local option sales taxes during the Sales Tax Holiday.

Who is Not Eligible for the Holiday
Businesses and business entities such as sole proprietorships, partnerships and corporations are not eligible for the exemption. Purchases charged to business accounts and purchases made using business credit cards or business checks are not eligible for the Sales Tax Holiday.

Multiple Items on One Invoice
A customer can purchase multiple items on one invoice if the selling price of each item is $2,000.00 or less and still receive the exemption. Separate invoices do not need to be prepared. Separately stated delivery charges are not included when determining if an item exceeds the threshold.

Example: A customer purchases a recliner for $1,500.00, a tv for $600.00 and a dishwasher for $300.00. The delivery charge is $50.00. The invoice total is $2,250.00, however, each item is priced below the threshold and therefore the entire invoice including the delivery charge is exempt from sales tax.

Items Costing More than $2,000.00
The selling prices of items which exceed $2,000.00 are not reduced by the exemption amount.

Example: An item is priced at $2,500.00. The item is fully taxable. The $2,500.00 selling price is not reduced by the $2,000.00 threshold amount.

Coupons and Discounts Discounts which are given by the vendor that reduce the selling price of the item can be used to determine if an item falls below the threshold for the Sales Tax Holiday. Coupons are treated as a discount if the coupon reduces the selling price and the vendor is not reimbursed by a third party. If a discount is applied to an entire order which includes both eligible and taxable property, the vendor must allocate the discount between the selling price of the exempt property and the selling price of the taxable property.

Layaways Sales of eligible property sold under a layaway sale will qualify for the exemption during the Sales Tax Holiday if:

• The final payment for the layaway sale is made during the Holiday and the customer takes possession of the property during the Sales Tax Holiday;

or

• The customer selects the property and the vendor accepts the order during the Sales Tax Holiday for immediate delivery upon full payment. The delivery can be made after the Sales Tax Holiday ends.

Order Date and Back Orders of Eligible Items
Items sold for $2,000.00 or less which are ordered during the Sales Tax Holiday are eligible for the exemption as long as the customer pays for the item in full during the Holiday. Delivery can take place after the Sales Tax Holiday ends. Back ordered items must be paid for in full during the Holiday to be exempt.