Defeat of sales tax on dietary supplements saves Vermonters an additional $1.5 million in taxes
The Legislature supported, in H.783, the miscellaneous tax bill, a 6% tax on dietary supplements.
The dictionary defines a dietary supplement, also known as food supplement or nutritional supplement, as a preparation intended to provide nutrients, such as vitamins, minerals, fiber, fatty acids or amino acids, prenatal that are missing or are not consumed in sufficient quantity in a person's diet.
An exemption was created for supplements that are purchased with a prescription. This would have include all vitamins (from A to zinc, calcium, prenatal, etc.), as well as nutritional supplements upon which elders and others rely to stay healthy. The 6% tax on supplements was projected to raise only $1.5 million.
Defeated sales tax on soda, candy and bottled water
S.256, legislation that was defeated, would have rolled back the capital gains and estate tax increases passed during the 2009 session and used a sales tax on soda, candy and bottled water to “offset” the revenue loss. During the 2010 session, we made clear that rolling these tax increases back was a top priority, but not at the expense of increasing other taxes.