Vermont § 7905 - Bundled transactions
Full text of Vermont Vermont Statutes Online § 7905 — Bundled transactions, with citation guidance and answers to common questions.
§ 7905. Bundled transactions
- (a) Except as provided in subsection (b) of this section, a retail sale of a bundled transaction
that includes cannabis or a cannabis product is subject to the cannabis excise tax
imposed by this chapter on the entire sales price of the bundled transaction. If there
is a conflict with the bundling transaction provisions applicable to another tax type,
this section shall apply. (b) If the sales price is attributable to products that are taxable and products that
are not taxable under this chapter, the portion of the price attributable to the products
that are nontaxable is subject to the tax imposed by this chapter unless the retailer
or integrated licensee can identify by reasonable and verifiable standards the portion
that is not subject to tax from its books and records that are kept in the regular
course of business, and any discounts applied to the bundle must be attributed to
the products that are nontaxable under this chapter. (c) As used in this section, “bundled transaction” means: (1) the retail sale of two or more products where the products are otherwise distinct
and identifiable, are sold for one nonitemized price, and at least one of the products
is or contains cannabis; or (2) cannabis or a cannabis product that is provided free of charge with the required purchase
of another product. (Added 2019, No. 164 (Adj. Sess.), § 14, eff. March 1, 2022.)
Frequently Asked Questions About Vermont § 7905
What does Vermont Statutes Online § 7905 cover?
Section 7905 ("Bundled transactions") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 7905?
A common citation format is "Vermont Statutes Online § 7905" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 7905 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.