The passage of H.880, "an act relating to increasing access to justice and to corporate taxes and fees," will have a significant impact on Vermont's corporate tax rates.
Under these bills, the top marginal corporate tax rate would increase from 8.5% (already the 10th highest in the U.S.) to 10% for the calendar year 2025. This change would affect not only the corporate tax rates but also judicial fees, indicating a broader financial impact on businesses operating in Vermont.
Read more in this VTDigger article.
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