With the upcoming Town Meeting Week break at hand for the Legislature, we are nearing a traditional turning point for significant legislative action. Bills traditionally need to move in either the House or Senate by the week after this break (two weeks for tax and spending bills) to be able to be taken up by […]
Corporate Tax Reform: Setback for Manufacturers, but Opportunities Remain
The Senate Finance Committee this Thursday delivered a setback to corporate tax reform benefiting Vermont-based manufacturers and other exporters of goods. However, AIV continues to work toward enacting these reforms this year, and engagement by Vermont employers will be very important in achieving this goal. The Committee has been working on S.53. The House passed […]
Clarification and Expansion of Manufacturing Machinery and Equipment Sales Tax Exemption Back on the Table?
The Senate Finance Committee Thursday revisited legislation passed by the House last year, H.437, that includes an important provision clarifying and expanding Vermont’s sales tax exemption for manufacturing machinery and equipment. This has been a long-standing priority for AIV. Although the Committee only had a preliminary review of H.437 this week, it is hoped that […]
UI Cost Increases Under Consideration
The Senate Economic Development, Housing, and General Affairs Committee is expected after next week’s Town Meeting Week break to return to legislation, S.221, that would increase unemployment benefits by $100 million over the coming years. This would include more than $90 million directly from the UI Trust Fund, resulting in corresponding increases in UI taxes […]
Updated Guidance and Resources from the IRS
Reminder for Farming Businesses: March 1 Tax Deadline The IRS reminds those with income from a farming or fishing business to file and pay their entire tax due on or before Tuesday, March 1, 2022, if they did not make estimated tax payments. Click here. IRS Launches New Resource Webpage with Latest Details and Information […]
Updated Guidance and Resources from USDOL and OSHA
A proposed rule would update OSHA’s powered industrial trucks standards OSHA has proposed a rule to address worker safety and health by ensuring its general industry and construction industry rules reflect current industry practice and state-of-the-art technology. Click here for more. White House Task Force on Worker Organizing and Empowerment issues report The White House […]