Monday. April 27, 2015-TAX ON SERVICES RETURNS!

I received the following from the Chair of the Senate Finance Committee on Saturday. I am planning to testify at 1 PM on Tuesday but wanted all VBA members to be aware of what the committee will be discussing. Now is the time for each of you to weigh in if you have an opinion on this. Here is a link to the membership of the Finance committee; if any of these senators represent you please let them know how you feel about extending the sales tax to services. http://legislature.vermont.gov/committee/detail/2016/25

You are receiving this because you have expressed interest in this year's legislative revenue discussions as it relates to you, your organization or business, or your clients. Senate Finance has been taking testimony on and off all session on various tax considerations. As we move closer to a vote on a revenue plan, we have reserved two three hour time slots on Monday and Tuesday of this week for overall comment from interested persons on the draft bill, H.489. The meetings will be this Monday from 3-6pm and Tuesday from 1-4pm in Rooms 10 or 11. 

We welcome specific or general comments about the FY2016 revenue plan, which primarily features the income tax revisions, and the FY2017 changes which primary relate to an expansion of the consumer sales tax and lowering the sales tax rate from 6% to 4.75%. 

You can find Draft 4.2 here: http://legislature.vermont.gov/assets/Documents/2016/WorkGroups/Senate%20Finance/Bills/H.489/Drafts,%20Summaries,%20Amendments,%20and%20Fiscal%20Analysis/H.489~Peter%20Griffin~Draft%20No.%204.2,%204-24-2015~4-24-2015.pdf

You can find a plain English summary here: http://legislature.vermont.gov/assets/Documents/2016/WorkGroups/Senate%20Finance/Bills/H.489/Drafts,%20Summaries,%20Amendments,%20and%20Fiscal%20Analysis/W~Peter%20Griffin~H.489%20Section-by-Section%20-%20Draft%20No.%204.2,%204-24-2015~4-24-2015.pdf

Please let Charlie Enscoe know if you or someone you are affiliated with would like to book a slot before the committee. He can be reached at censcoe@leg.state.vt.us