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VT H0619
Bill
Status
Introduced
1/8/2026
Primary Sponsor
Edward Waszazak
Click for details
AI Summary
- Creates a 3% personal income tax surcharge on individuals with federal adjusted gross income of $1,000,000 or more
- Surcharge applies to the individual's entire federal adjusted gross income, not just the amount exceeding the threshold
- Commissioner of Taxes must annually adjust the $1,000,000 threshold for inflation
- Surcharge is in addition to existing Vermont personal income taxes and follows the same collection and enforcement procedures
- Takes effect retroactively on January 1, 2026, applying to taxable years beginning on or after that date
Legislative Description
An act relating to an income tax surcharge
Last Action
Read first time and referred to the Committee on Ways and Means
1/8/2026
Committee Referrals
Ways and Means1/8/2026
Full Bill Text
No bill text available