Rep. Tony Micklus

Maddy summaryH 124 requires Vermont's Commissioner of Financial Regulation to produce an annual report to the General Assembly by January 15 each year, starting in 2026. The report must detail regulatory activities (like examinations and enforcement actions), financial conditions affecting consumers, regulatory fee analysis, emerging industry trends, and recommendations. It directly affects the Commissioner's office and the General Assembly, aiming to increase transparency about how the Department oversees banking, insurance, and securities. The bill creates a new reporting requirement under 8 V.S.A. § 25 with specific content mandates but does not change existing regulations or fees.

Maddy summaryThis bill establishes a regulatory framework for "earned wage access services" in Vermont, requiring providers to obtain a state license before offering these services. It defines key terms like "earned but unpaid income" (wages owed but not yet paid) and "provider" (businesses delivering pre-pay advances), and distinguishes between direct-to-consumer providers and employer-integrated providers. The core mechanism mandates licensing for all providers (excluding certain federally insured financial institutions), with applications requiring details about service types, fees, and business history. This directly affects workers accessing early pay and businesses offering these services, aiming to create oversight for a growing financial product.

Maddy summaryH 74 would phase in full exemption of Social Security benefits from Vermont income tax over eight years. Currently, Vermont partially exempts Social Security benefits for lower-income seniors, but this bill raises the income thresholds where full exemption applies - increasing the single filer threshold from $65,000 to $77,000 and married filer threshold from $80,000 to $92,000. The change applies to all Vermont residents receiving Social Security benefits, with full exemption becoming effective by the eighth year. The bill amends Vermont’s tax code (32 V.S.A. § 5830e) to adjust the income-based exclusion rules. It is currently referred to the Committee on Ways and Means.

Maddy summaryThis bill requires Vermont Medicaid to cover medically necessary play therapy services for eligible patients. It directly affects Vermont Medicaid recipients, particularly children and adolescents receiving mental health treatment. The law mandates coverage for play therapy provided by specific licensed professionals (such as psychiatrists, psychologists, and clinical social workers) and defines play therapy as using toys, games, and role-playing to address mental health challenges. The coverage becomes effective July 1, 2025.

Maddy summaryThis bill exempts U.S. military retirement income and survivor benefit payments from Vermont income tax for eligible residents. It adds these income types to Vermont’s list of excluded income in the tax code (specifically amending 32 V.S.A. § 5811), meaning military retirees and surviving spouses won’t pay state tax on these payments. The change applies retroactively to tax years beginning January 1, 2026. It directly affects Vermont taxpayers who receive military retirement or survivor benefits, providing them tax relief on this specific income source.

Maddy summaryThis bill (H 16) repeals Vermont’s Affordable Heat Act, which established the Clean Heat Standard program. It removes requirements for heating fuel providers to meet emissions standards and eliminates two state positions created to administer the program (one at the Public Utility Commission, one at the Department of Public Service). The bill also deletes references to the Clean Heat Standard from tax law, ending the requirement for fuel providers to report to state agencies about compliance. This directly affects heating fuel businesses and state agencies responsible for the Clean Heat Standard program. The repeal takes effect upon passage.