Calculate the Payroll Tax Impact on Your Business

The Legislature passed the first-ever state payroll tax, adding to Vermont’s already high tax burden. The Governor has vetoed it and referred to the tax authorized in H.217 as a new and regressive tax. However, there are enough votes in the House and Senate to override the veto and make this new payroll tax law. Working Vermonters are set to pay $100 million annually once it becomes effective on July 1, 2024. 

To understand the impact this tax will have on your business, enter your payroll below to calculate the payroll tax levied on your business and employees.

We encourage you to contact your legislators and tell them how this will impact your business, employees, and community.