In CommitteeFiled Jan 8, 2026
Sponsor: Teddy Waszazak (D)
Latest Action
Read first time and referred to the Committee on Ways and Means
Jan 8, 2026
Summary
H.621 amends Vermont’s income‑tax schedule to create two additional brackets for individuals, heads of household, married filers, and estates and trusts. The new brackets are indexed to inflation each year and the changes apply retroactively to tax years starting Jan. 1, 2026. It also adds a safety‑net rule that taxpayers with federal AGI over $150,000 pay the greater of the calculated state tax or 3% of their federal AGI.
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