Corporate Tax Reform Passes the Legislature and Awaits Governor’s Action, Key Manufacturing Provisions Included

The House and Senate conference committee negotiating a final version of S.53 reached an agreement for the bill addressing corporate income tax reform.  Both chambers have now passed the final bill and we are now awaiting the Governor’s action.  The bill includes the most impactful provision, adopting single sales factor apportionment, that had been removed […]

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 […]

Economic Development Bill Passes Legislature, Includes Aid and Incentives for Employers and Employees

The final conference report for S.11, which became the latest and last vehicle for attaching a wide range of economic development and other provisions that have evolved over this session,  has passed the Legislature and is awaiting the Governor’s action.  It includes a number of provisions intended to help certain employers and employees.  Unfortunately it […]

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 […]

2021 National SBIR Week July 19-23

The Small Business Administration is hosting the 2021 National SBIR Week from July 19 to 23. The virtual event will connect entrepreneurs working on advanced technology to the country’s largest source of early-stage funding, the Small Business Innovation Research and Small Business Technology Transfer programs. Also known as America’s Seed Fund, the SBIR/STTR programs provide […]

Upcoming Webinars

AIV’s national allies and partners at NAM and the Manufacturing Institute are hosting the following webinars and events that you might find of interest: Are Manufacturers Cyber-Ready for Today and Tomorrow? July 15, 2:00 pm. Click here for more. Putting Employees First with Augmented Reality. July 19, 2:00 pm. Click here for more. Best Practices […]

Economic Recovery Bridge Program Opens to Additional Businesses

As of July 7, 2021, the Vermont Agency of Commerce and Community Development (ACCD) is expanding eligibility for its Economic Recovery Bridge Program.  With this change, ACCD is now accepting applications from organizations that have received prior State of Federal assistance. Under the expanded guidelines, organizations that can demonstrate; 1) a 2020 tax loss; and 2) that the organization suffered […]

Updated Resources and Guidance from USDOL and OSHA

Teen Worker Safety Young worker injuries have risen since 2016. Here are seven ways employers can make sure their young workers stay safe on the job.  Click here. Labor Council Meeting This week, we participated in the first Labor Council meeting under the USMCA to discuss the agreement’s labor chapter provisions, Mexico’s labor law reforms […]