VT S0269

Excludes Supplemental Security Income (SSI) payments from the definition of "household income" used to calculate Vermont's homestead property tax credit and renter credit

Amends 32 V.S.A. § 6061 to specify that payments received under the federal Social Security Act, other than SSI payments, are included in modified adjusted gross income

Benefits SSI recipients by lowering their calculated household income, potentially increasing their eligibility for or amount of property tax relief

Takes effect retroactively on January 1, 2026, applying to taxable years beginning on or after that date

Introduced by Senator Chittenden