In Win for Governor, Vermont Legislators Poised to OK Corporate Tax Cut

Piazza, Johanna
May 2004
Bond Buyer;5/12/2004, Vol. 348 Issue 31882, p4
Trade Publication
Reports on the readiness of lawmakers to approve a revenue-neutral corporate income tax cut as part of the completion of a new budget for the upcoming fiscal year in Vermont. Proposal of the tax cut by governor Jim Douglas; Approval of the proposal by the U.S. House Appropriations Committee; Reduction of corporate income taxes over two years under the bill; Agreement of budget negotiators that any surplus should go to paying off small debts for certain programs, making payments to retirement accounts and replenishing the state's budget reserves.


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