Vermont H0732 proposes new income tax brackets for higher earners to fund property tax credits for lower-income households.

Vermont H0732 introduces two new income tax brackets for individuals and married filers with taxable incomes above $200,000 and $400,000, respectively. The additional tax revenue generated would be allocated to the Education Fund and used to enhance property tax credits for taxpayers with household incomes below $115,000 annually.

Vermont H0732 proposes new income tax brackets for higher earners to fund property tax credits for lower-income households.

Vermont H0732 introduces two new income tax brackets for individuals and married filers with taxable incomes above $200,000 and $400,000, respectively. The additional tax revenue generated would be allocated to the Education Fund and used to enhance property tax credits for taxpayers with household incomes below $115,000 annually.