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January 9, 2023
NFIB VT 2022 Year-End Legislative Report
- Vermont Budget Surpassed $8 Billion for the first time ever
- Most Employer/Employee Relationship Mandates Failed
- Minimum Wage & Unemployment Benefits Increases Pass
- Business Recovery Funding Still Available
- Clean Heat Standard was Vetoed
- Expansion of the Bottle Deposit Law Failed
- State and Local Tax Deduction Cap Efforts to Continue
- Tax Relief: $40 million in tax relief for Vermonters.
- Broadband: $96 million to continue the state’s work to make broadband available to all Vermonters.
- Water, Sewer and Stormwater Infrastructure: $104 million to improve and expand water infrastructure that will support economic growth, ensure clean drinking water, help families replace failed systems and more.
- Workforce: $66 million to train, retain and recruit more workers.
- Economic Development: $87 million for initiatives that will help retain jobs, support businesses, and strengthen communities.
- Housing: $90 million to increase and improve rental housing, build more homes for middle-income Vermonters, help families exit homelessness and more.
- Energy Efficiency Promotion:
- Electric Vehicle Promotion – currently there are 600,000 registered vehicles in Vermont, but less than 4000 are plug-in electric vehicles. Sales of these plug-ins will have to increase by more than 500% to meet the 2025 emissions reduction mandate in the Global Warming Solutions Act.
State:
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