UPDATE | Corporate and Sales Tax Provisions Benefiting Manufacturers Back on the Table, Complicated with Other Tax Proposals

The House Ways and Means Committee has revived work on corporate and sales tax reforms that would benefit Vermont manufacturers.  Earlier this year, AIV outlined changes to the apportionment of corporate taxable income as well as expansion and clarification of the sales tax exemption for machinery and equipment that we have long advocated for and […]

ACTION ALERT | Update on Legislation Impacting UI Benefits and Taxes; Employer Engagement Now Focuses on the House

The Senate last week passed S.10, legislation impacting UI benefits and taxes, with amendments.  The bill is now pending review and action in the House Commerce and Economic Development Committee, which could take the legislation up as soon as next week. Current Provisions and Issues The bill includes a number of provisions, some of which […]

Upcoming Webinars

AIV’s national allies and partners at NAM, the Manufacturing Leadership Council, and the Manufacturing Institute are hosting the following webinars that might be of interest to Vermont manufacturers and other employers: Digital Transformation: Practical Methods of Achieving Scalable Results. April 14 at 2:00 pm.  Click here. Beyond Reskilling in Manufacturing: Creating Pathways for Tomorrow’s Workforce […]

Vermont Forward Plan Announced, Universal Guidance for Businesses, Travel Updates

Governor Phil Scott has released the Vermont Forward reopening plan to help Vermonters and local businesses see the path for a phased return to unrestricted travel, business operations, and event gatherings. The plan was developed by the Department of Health, the Department of Public Safety, and the Agency of Commerce and Community Development and uses […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]

Trade Updates from A.N. Deringer

The following is provided by AIV member A.N. Deringer: Next Steps: Section 301 Investigations Regarding Countries Imposing Digital Service Taxes On March 26, the United States Trade Representative (USTR) announced the next steps in the Section 301 investigations of countries that have adopted digital service taxes (DST). Click here for more. FDA Extends Time to […]

Updated Guidance and Resources from the IRS

IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021 The Internal Revenue Service issued guidance for employers (click here) claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief […]

PPP Extended; Timely Applications Encouraged | PPP Webinars Continue

Although the Paycheck Protection Program Extension Act recently extended the timeframe to apply for PPP to May 31, there is no guarantee allocated funds will be available through that deadline. Small business owners in particular wanting to obtain a PPP loan should apply immediately. To learn more about PPP and your eligibility, join the SBA […]