Vermont H 619: An act relating to the installation of fireblocking in single-family dwellings

Bill Text

BILL AS INTRODUCED H.619
2026 Page 1 of 2

VT LEG #386148 v.1
H.619 1
Introduced by Representative Waszazak of Barre City 2
Referred to Committee on 3
Date: 4
Subject: Taxation; personal income tax; income tax surcharge 5
Statement of purpose of bill as introduced: This bill proposes to create an 6
income tax surcharge on the income of individuals exceeding $1,000,000.00 of 7
adjusted gross income. 8
An act relating to an income tax surcharge 9
It is hereby enacted by the General Assembly of the State of Vermont: 10
Sec. 1. 32 V.S.A. § 5822a is added to read: 11
§ 5822a. PERSONAL INCOME TAX SURCHARGE 12
There shall be a surcharge of three percent of federal adjusted gross income 13
for individuals with federal adjusted gross income equal to or greater than 14
$1,000,000.00. The surcharge shall be in addition to any tax assessed under 15
this chapter and shall be paid, collected, and enforced in the same manner as 16
the tax assessed under section 5822 of this title. Annually, the Commissioner 17
of Taxes shall use the process required under subdivision 5822(b)(2) of this 18
title to adjust for inflation the minimum amount of federal adjusted gross 19
income necessary for an individual to incur this surcharge. 20

BILL AS INTRODUCED H.619
2026 Page 2 of 2

VT LEG #386148 v.1
Sec. 2. EFFECTIVE DATE 1
Notwithstanding 1 V.S.A. § 214, this act shall take effect retroactively on 2
January 1, 2026, and apply to taxable years on and after January 1, 2026. 3