in the State House of Representatives
on March 25, 2021, by a vote of
Purpose: To remove a provision in the revenue bill (H.437) that would add an additional 0.5% property transfer tax on real estate transactions of $1 million or more.
Analysis: Those voting NO on the Scheuermann Amendment favored keeping the new/increased tax in the bill. They believe spending the revenue generated from the new tax on a program to increase the supply and quality of low income housing is worth any negative economic impact.
Those voting YES were in favor of removing the tax increase from the bill, citing that the majority of real estate transactions over $1 million were not the sale/purchase of private homes impacting “the rich”, but rather business transactions impacting, farms, retail outlets, restaurants, manufacturing facilities, etc. This tax would be another disincentive for businesses to come to Vermont, and make it more difficult for existing businesses to act with flexibility as they try to recover from the Covid shutdown.
As Recorded in the House Journal, Thursday, March 25, 2021: "Shall the bill be amended as offered by Rep. Scheuermann of Stowe? was decided in the negative. Yeas, 53. Nays, 94." (Read the Journal, p. 500 - 508). Watch the floor debate on YouTube.
How They Voted
(Click on your Rep’s name to send an email)
Sally Achey (R - Middletown Springs) – YES
William Lippert (D – Hinesburg) – NO
Curtis McCormack (D – Burlington) – NO
Kirk White (P/D - Bethel) – NO
Rebecca White (D – Hartford) – NO
Dane Whitman (D - Bennington) – NO
Terri Lynn Williams (R - Granby) – YES
Theresa Wood (D – Waterbury) – NO
David Yacovone (D – Morristown) – ABSENT
Michael Yantachka (D – Charlotte) – NO