House Ways and Means - 2026-02-05 - 1:15PM

Ways and Means Committee · February 6, 2026

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Opening and agenda

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Committee chair opened the Ways and Means Committee at 1:17 p.m., said the hearing will take testimony on federal conformity and the states link to the federal tax code for corporate and business taxes, and asked for disciplined language distinguishing "businesses" and "corporations."

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The Ways and Means Committee heard testimony on whether Vermont should conform to recent federal tax changes in HR 1, with business groups urging conformity for stability, tax experts and the tax department warning about administrative complexity and potential revenue impacts, and federal/state policy groups offering comparative state examples.

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Transcript

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