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VT H0732
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Lawrence Satcowitz
Click for details
AI Summary
- Creates two new marginal income tax brackets with an additional 1% tax rate on income within each bracket
- Individual filers: new brackets begin at $200,000 and $400,000 of taxable income
- Married filers: new brackets begin at $400,000 and $800,000 of taxable income
- Additional revenue deposited into the Education Fund
- Funds dedicated to increasing property tax credits for taxpayers with household income below $115,000 per year
Legislative Description
An act relating to new income tax brackets
Last Action
Read first time and referred to the Committee on Ways and Means
1/21/2026
Committee Referrals
Ways and Means1/21/2026
Full Bill Text
No bill text available