The Vermont Department of Taxes is assessing the impacts of federal tax reform passed recently in Washington, D.C. and it plans a forum on Jan. 2 in Montpelier on the issue. Coordinating closely with other departments and agencies, the department is focused on determining how aspects of the proposed bill will impact Vermonters, and what the magnitude of that impact may be.
Tax Department Economist and Director of Policy Douglas Farnham is coordinating a discussion across all state agencies and departments regarding the federal changes. “The impacts of this bill go well beyond taxes, working with our partners in other agencies and stakeholders, we will explore the impacts, both positive and negative, and provide this analysis to the governor, along with the policy responses worthy of consideration in the short and long-term,” Farnham said.
The Tax Department will host a Federal Tax Reform Roundtable on Jan. 2 from 10 a.m. to noon in Montpelier in the Pavilion Auditorium.
A panel of experts, including tax practitioners, economists, and members of the business community, will offer their perspectives as they explore how federal tax reform will affect individuals and businesses in Vermont. Tax Commissioner Kaj Samsom will moderate the panel.
The event is free and open to the public. Pre-registration is required. For more information: tax.vermont.gov/registration.