- Vermont has approved new tax rules for remotely accessed software
- The legislation was approved despite a veto from Governor Phil Scott
- The bill categorizes taxable tangible personal property as prewritten computer software
- Prewritten software accessed remotely and not installed on a computer is not included in the definition of taxable tangible personal property
- The change will go into effect on July 1, 2024.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
