taxes

No break for Jay Peak on tax penalty; court battle looms

Town officials rejected a request by a court-appointed receiver who is overseeing properties tied to a federal fraud case. The tax bill has been paid, but a $164,159 late fee remains.

Longtime Rutland attorney to admit filing false tax returns

John Canney III, whose practice specializes in bankruptcy law, has reached a plea agreement that says the tax loss is between $100,000 and $250,000.

House approves scaled-back version of paid family leave bill

H.196 would levy a 0.141 percent payroll tax on most Vermont employees to create a six-week paid family leave program.

Caleb Magoon: Tax code unfair to small businesses

I’ve written one big fat check to Uncle Sam and there is more to come. In fact, I’ve never been hit harder by the bearded fellow dressed in red, white and blue.

On filing deadline day, Welch talks tax reform, Trump’s returns

“We do need tax reform, but part of the tax reform is that you shouldn’t be able to avoid taxes by legal loopholes,” Welch said in reference to the president’s taxes.

House signs off on state budget, with small tweaks

Support was overwhelming for the $5.8 billion spending plan. Proposed amendments would have funded new investments in child care, job training and more, but most didn’t go anywhere.

House works with Tax Department to find $5M in revenue

Rep. Janet Ancel, D-Calais, said the bill will not raise taxes but will increase collections by stepping up enforcement, including taking money directly from bank accounts.

Concerns about legal risk hobble presidential tax returns bill

“I am nervous about us taking this on and potentially having to defend it,” said the committee chair. The bill requiring disclosure doesn’t currently have the support to move ahead.

State tax receipts up for the month of January

The Scott administration is reporting an uptick in tax revenues for January. Receipts for the general fund were up by $3.12 million last month. Overall general fund revenues for the first seven months of fiscal year 2017 are 3.1 percent, or $24.56 million, above tax collections for the same period in fiscal year 2016. Susanne […]

Burlington School District passes $74M budget, seeks bonding measure

The property tax rate increase will be 5.25 percent if voters approve the budget. The median home owner would pay an additional $210 per year.

Airbnb agrees to start collecting Burlington tax

BURLINGTON — Starting next year, short-term rental company Airbnb will take responsibility for collecting and remitting the city’s gross receipts tax, a job that previously fell to individuals renting out their homes through the online service. Earlier this year, Vermont entered into an agreement with Airbnb requiring it to collect and pay the state’s gross […]

Despite slight November lag, general fund revenues on target

State revenues lagged slightly behind targets for the month of November, according to a monthly report from the Agency of Administration. The state netted $87.3 million in November, $2.6 million less than was expected. The shortfall was driven by underperformance in personal income tax, which came in $5.4 million, or 12.9 percent, below estimates. Collections […]

Margolis: Demonizing taxes is un-American

When Democratic candidate for governor Sue Minter suggested that the Blue Ribbon Tax Commission’s recommendations be given another look, she might as well have proposed the spread of cholera germs — judging by the reaction of the Vermont GOP.

Scott alters proposal on capital gains tax to fix campaign’s error

A $2,500 exclusion the Scott campaign referenced was not accurate. The current tax code offers Vermonters an exclusion on the first $5,000 in capital gains income.