Clarification and Expansion of the Sales Tax Exemption for Manufacturing Machinery and Equipment Near Final Passage in the Legislature

Clarification and expansion of Vermont’s sales tax exemption for manufacturing machinery and equipment, another long standing tax priority for AIV, is near final passage in the Legislature.  Provisions addressing several shortcomings in Vermont’s current law were included by the Senate Finance Committee in this year’s technical tax bill, H.738.  Although this legislation traditionally addresses technical […]

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 […]

Vermont Employer Webinar Thursday and Resources for COVID Mandates and UI; Other COVID Related Workplace Issues

  ACCD, Vermont Department of Labor, and other agencies have provided the following events and resources addressing key workplace issues.  Employers are encouraged to review the following and if possible participate in the webinar set for this Thursday, January 6. Vermont Employer Webinar January 6: COVID Vaccine Mandates and UI  The Vermont Department of Labor […]

Vermont Employers Encouraged by ACCD to Adopt COVID Measures, Will Hold Webinar December 20

The Agency of Commerce and Community Development issued a memorandum December 16 encouraging Vermont employers to take steps to help promote vaccination, masking, and testing to help mitigate threats and consequences of COVID in a time of holiday gatherings, new variant threats, and importance of boosters as initial vaccination efficacy declines.  The memorandum outlines several […]

OSHA ETS Requiring Employee Vaccination or Testing Released; VOSHA Requirements for Vermont Employers Pending

As you might know, OSHA today released its long-awaited Emergency Temporary Standard addressing mandatory employee vaccination or testing for companies with 100 or more employees company wide.  It will be officially published tomorrow.  As a state with delegated OSHA authority, specifically through VOSHA, Vermont will have 30 days to adopt rules determined to be at […]

Federal Vaccine and Testing Requirements Announced; Survey for Covered and Other Employers in Vermont

Yesterday’s announcement that the federal government will be implementing vaccination and testing requirements for companies with 100 or more employees, among other measures, not only poses imminent compliance and related issues for covered employers but also highlights issues and questions for all employers regarding vaccination, masking, and other COVID policies. We are currently awaiting next […]

Trade Updates from A.N. Deringer

The following is provided by AIV member A.N. Deringer: Restrictions on Import Rail Traffic into the U.S. The international intermodal supply chain is experiencing significant impacts due to the record high volume of imports into the U.S. As a result, MSC rail vendor (BNSF) is restricting import rail traffic from the U.S. West Coast ports […]