January 20, 2023
The cloud tax made its debut in Senate Finance this week. The Vermont Chamber has successfully opposed this tax each of the last six years. With mounting legislative tax proposals and economic pressures, we will continue to advocate against adding this to the burden on Vermont businesses.
The cloud tax would apply to most consumers and businesses that utilize cloud-based and platform services. Examples could include online data storage services from Turbotax and Quickbooks, Google and Microsoft Office applications, Toast and Square, and Mail Chimp. Additional categories include developer frameworks such as Squarespace, and customer support operations services such as Google Compute Engine and Amazon Web Services.
Original source can be found here.
