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Market Updates

Vermont Weighs Supplement Sales Tax

The Vermont Statehouse has passed a bill that would add 6% sales tax to dietary supplements like vitamins C and E and folic acid.

The Vermont Statehouse has passed a bill that would add 6% sales tax to dietary supplements like vitamins C and E and folic acid. The tax could raise about $1.5 million, according to local media outlets. The tax is now being considered by the Senate.

State Representative David Zuckerman was quoted in an article from WCAX News, saying, “I thought there were a lot of other options in how we could raise revenues to provide services in our state and that to go in this direction with as little evidence as we have was the wrong way to go.”

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