Vermont S 246: An act relating to Green Mountain Care Board authority over prescription drug costs

Bill Text

BILL AS INTRODUCED S.246
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VT LEG #385508 v.1
S.246 1
Introduced by Senator Collamore 2
Referred to Committee on 3
Date: 4
Subject: Taxation; sales and use tax; exemptions; aircraft 5
Statement of purpose of bill as introduced: This bill proposes to add 6
noncommercial aircraft to the sales and use tax exemption for commercial 7
aircraft and to create a business personal property tax for noncommercial 8
aircraft. The bill further proposes to study the feasibility of sharing certain 9
revenues with Vermont airports. 10
An act relating to tax exemptions for noncommercial aircraft and revenue 11
sharing with airports 12
It is hereby enacted by the General Assembly of the State of Vermont: 13
Sec. 1. 32 V.S.A. § 9741 is amended to read: 14
§ 9741. SALES NOT COVERED 15
Retail sales and use of the following shall be exempt from the tax on retail 16
sales imposed under section 9771 of this title and the use tax imposed under 17
section 9773 of this title: 18
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VT LEG #385508 v.1
(29)(A) Aircraft, but not drones, sold to a person that holds itself out to 1
the general public as engaging in air commerce, for use primarily in the 2
carriage of persons or property for compensation or hire; and 3
(B) parts, machinery, and equipment to be installed in any aircraft, 4
other than drones. 5
* * * 6
Sec. 2. 32 V.S.A. § 3622 is added to read: 7
§ 3622. AIRCRAFT 8
Aircraft, as defined in 5 V.S.A. § 202(6), shall be valued and taxed in 9
accordance with this chapter, except that aircraft that is not used primarily for 10
commercial operations involving the transport of passengers or freight shall be 11
exempt from property taxation. 12
Sec. 3. REPORT; REVENUE SHARING WITH AIRPORTS 13
(a) The Commissioner of Taxes, in consultation with the Agency of 14
Transportation, shall study the feasibility of sharing revenue generated through 15
air commerce with Vermont airports. 16
(b) The report shall include: 17
(1) the Department’s capacity to identify and share sales and use tax 18
revenue related to transactions originating from airports and air commerce; 19

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VT LEG #385508 v.1
(2) the Department’s capacity to identify and share property tax revenue 1
generated from the real and personal property of airports and businesses 2
operating at airports; 3
(3) the State’s ability to create and administer dedicated funds for 4
specific airports, to be funded through revenue sharing; 5
(4) estimates of sales and use and property tax revenue currently 6
generated through airports; and 7
(5) the State of Vermont’s compliance with 49 U.S.C. § 47133. 8
(c) On or before December 15, 2026, the Commissioner of Taxes shall 9
submit a study report detailing the Commissioner’s findings under this section 10
to the House Committees on Transportation and on Ways and Means and the 11
Senate Committees on Transportation and on Finance. 12
Sec. 4. EFFECTIVE DATE 13
This act shall take effect on July 1, 2026. 14