BILL AS INTRODUCED H.828
2024 Page 1 of 2
1 H.828
2 Introduced by Representative Kornheiser of Brattleboro
3 Referred to Committee on
4 Date:
5 Subject: Taxation; personal income tax; surcharge
6 Statement of purpose of bill as introduced: This bill proposes to impose a
7 surcharge on taxpayers with high adjusted gross income.
8 An act relating to the creation of a personal income tax surcharge
9 It is hereby enacted by the General Assembly of the State of Vermont:
10 Sec. 1. 32 V.S.A. § 5822a is added to read:
11 § 5822a. PERSONAL INCOME TAX SURCHARGE
12 There shall be a surcharge of three percent of federal adjusted gross income
13 for individuals with federal adjusted gross income equal to or greater than
14 $500,000.00. The surcharge shall be in addition to any tax assessed under this
15 chapter and shall be paid, collected, and enforced in the same manner as the
16 tax assessed under section 5822 of this title. Annually, the Commissioner of
17 Taxes shall use the process required under subdivision 5822(b)(2) of this title
18 to adjust for inflation the minimum amount of federal adjusted gross income
19 necessary for an individual to incur this surcharge.
VT LEG #373044 v.1
 BILL AS INTRODUCED H.828
2024 Page 2 of 2
1 Sec. 2. EFFECTIVE DATE
2 Notwithstanding 1 V.S.A. § 214, this act shall take effect retroactively on
3 January 1, 2024 and apply to taxable years on and after January 1, 2024.
VT LEG #373044 v.1