summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to exempt all Social Security benefits from income tax and cap annual property tax increases at one percent.
AI Summary
This bill proposes to exempt all Social Security benefits from Vermont income tax, meaning individuals will no longer have to pay state income tax on the portion of their Social Security benefits that is considered taxable at the federal level, a change that will apply retroactively to January 1, 2026. Additionally, the bill aims to limit annual increases in education property taxes to a maximum of one percent, a provision that will take effect on January 1, 2027, thereby aiming to reduce the tax burden on Vermonters from both income and property taxes.
Committee Categories
Budget and Finance
Sponsors (13)
Zachary Harvey (R)*,
David Bosch (R),
Voranus Coffin (R),
Kenneth Goslant (R),
Larry Labor (R),
Alicia Malay (R),
Mike Morgan (R),
Todd Nielsen (R),
Robert North (R),
Sandra Pinsonault (R),
Debra Powers (R),
Michael Tagliavia (R),
Kevin Winter (R),
Last Action
Read first time and referred to the Committee on Ways and Means (on 02/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2026/H.878 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0878/H-0878%20As%20Introduced.pdf |
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