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Expanding Manufacturing Tax Exemption Would Modernize Tax Law
The Vermont Chamber testified in the Senate Finance Committee on H.437, a bill that includes a proposal to expand the manufacturing tax exemption. The Vermont Chamber supports this change, as it will modernize Vermont’s tax law, enhance workforce recruitment, retention, and upskilling efforts, modernize facilities, and make Vermont competitive with the 33 other states that have similar exemptions in place. The Vermont Chamber strongly supports the expansion of the manufacturing tax exemption to help manufacturers dealing with a severe workforce labor shortage. To learn more, please contact Chris Carrigan.