An act relating to Vermont income and education property taxes
Read first time and referred to the Committee on Ways and Means
Summary
The bill removes most Social Security benefits from state income tax, with phase‑outs based on a taxpayer’s federal adjusted gross income. It also requires that the average homestead property tax bill in Vermont cannot rise by more than one percent each year. The changes aim to ease the tax load on retirees and keep property taxes from climbing sharply.
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