Vermont H0933 proposes multiple administrative and policy changes to the state's tax laws, including adjustments to property transfer tax, homestead.

Vermont H0933 makes several changes to the state's tax laws. It modifies the property transfer tax, setting it at 1.25 percent of the property's value or $1.00, whichever is greater. It also repeals the denial of tax credits for S corporations. The bill updates homestead declaration rules, allowing joint tenants or tenants by the entirety to declare their homesteads. It introduces a federal tax credit for contributions to scholarship granting organizations, with Vermont designated as the entity to make the election.

Vermont H0933 proposes multiple administrative and policy changes to the state's tax laws, including adjustments to property transfer tax, homestead.

Vermont H0933 makes several changes to the state's tax laws. It modifies the property transfer tax, setting it at 1.25 percent of the property's value or $1.00, whichever is greater. It also repeals the denial of tax credits for S corporations. The bill updates homestead declaration rules, allowing joint tenants or tenants by the entirety to declare their homesteads. It introduces a federal tax credit for contributions to scholarship granting organizations, with Vermont designated as the entity to make the election.