FAILED
in the State House of Representatives
on March 26, 2015, by a vote of 43-98
. Purpose: To increase income taxes, raising $12 million more than the $33.2 million increase in the underlying bill. .
Analysis: Those voting YES on this amendment supported: “Beginning in tax year 2015 and after, the rates assigned to the individual income tax brackets under 32 V.S.A. § 5822(a), from lowest to highest, shall be 3.55 percent, 6.8percent,7.8 percent,9.5percent,and 9.55percent.” .
Those voting NO opposed this. .
As Recorded in the House Journal, March 26, 2015:“Shall the bill be amended as recommended by Rep. O’Sullivan of Burlington and others? was decided in the negative. Yeas, 43. Nays, 98.” (Read the Journal, p. 651-653.) .
The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network. Read more...
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