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H 144 Vermont House · 2023-2024 Regular Session

An act relating to exempting unemployment compensation from income tax

This bill would exempt unemployment compensation from Vermont state income tax for individuals whose adjusted gross income is $125,000 or less. The change applies retroactively to January 1, 2023, and affects taxpayers who received unemployment benefits during that period. By removing unemployment benefits from taxable income for lower-earning households, the legislation aims to reduce the financial burden of job loss on Vermonters with low to moderate incomes.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by exempting unemployment compensation from state income tax for lower-income individuals, reducing financial burden on job loss victims.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill exempts unemployment compensation from income tax for low-to-moderate income workers, directly expanding worker benefits and reducing financial burden during job loss.90% confidence
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2023 Last action Jan 31, 2023
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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
0
Jan 31, 2023
Introduced
Read first time and referred to the Committee on Ways and Means
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
EM
Emma Mulvaney-Stanak
DDemocratic/Progressive
VT
Chittenden-17