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Youth council proposes inheritance tax, affordable housing fund and protections to keep young Vermonters in state
Summary
The Vermont State Youth Council recommended a state affordable-housing fund supported by an inheritance tax on amounts over $250,000, changes to local tax structures, promotion of local businesses, school meals sourced from local farms and protections for national forests to retain youth in Vermont.
Presenting on youth and Vermont’s economy, a member of the Vermont State Youth Council told the Senate Government Operations Committee that the legislature should create a state affordable housing fund and consider an inheritance tax to support it.
The council proposed applying a 5% tax to inheritances of $250,000 or more or, alternatively, using revenue from the existing estate tax to fund the affordable-housing…
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