All Roll Calls
Yes: 273 • No: 170
VermontH.9492025-2026 SessionHouseWALLET
An act relating to homestead property tax yields, the nonhomestead property tax rate, and technical changes to education finance
Sponsored By: Sponsor information unavailable
Signed by Governor
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
10 provisions identified: 6 benefits, 1 costs, 3 mixed.
Homeowners gain a property tax exemption
Under the fiscal year 2030 changes, eligible homeowners with household income of $115,000 or less get a homestead tax exemption. They must have owned the home on April 1 of the claim year. The exemption amount depends on the law’s calculation, so the income limit alone does not show the tax savings.
Homeowners get broader tax credit relief
Fiscal year 2028 changes raise the income limit for specified homeowner credits from $47,000 to $50,000. The cap under subdivision 6066(a)(3) rises from $2,400 to $2,600. The combined cap for credits under subdivisions (a)(1), (2), and (4) rises from $5,600 to $6,000. Fiscal year 2030 changes also set a $50,000 municipal-credit income limit and require home ownership on April 1. Beginning July 2, 2029, the municipal-credit cap under subdivision (a)(2) rises from $2,400 to $2,600.
Renters get larger credits for 2027
For claim year 2027, the renter-credit provision raises the maximum from $2,500 to $3,250. The applicable percentage of fair market rent or subsidized renters’ gross rent rises from 10% to 12.5%. Renters above the very low-income limit get no credit. Credits are prorated for rental months and business use beyond 25% of the home’s floor space. The credit is halved when the renter lived with someone who was neither a dependent nor a jointly filing spouse.
Renters face lower credits after 2027
The fiscal year 2028 renter-credit provision sets the maximum at $2,500, down from $3,250 for claim year 2027. The applicable percentage of fair market rent or subsidized renters’ gross rent falls from 12.5% to 10%. Renters with income above the very low-income limit remain ineligible.
Homeowners get updated education tax calculations
For fiscal year 2027 only, the homestead property tax yield is $9,401 and the income yield is $12,960. These values help calculate education taxes; they are not household tax bills. The rate calculation multiplies the homestead rate by the town’s education spending adjustment and the statewide adjustment. A housesite’s equalized value is its April 1 grand-list value divided by the town’s common level of appraisal. The supplied figures do not establish whether an individual homeowner pays more or less.
Nonhomestead owners get a 2027 tax rate
For fiscal year 2027 only, the nonhomestead education tax rate is $1.643 per $100 of equalized education property value. Other parts of the tax calculation can affect the final bill. The provision does not establish whether an owner’s bill rises or falls compared with the prior year.
School unions get inflation-linked education grants
Each supervisory union’s annual special education census grant equals a $2,350 base amount multiplied by its long-term membership. Long-term membership is a three-year average of daily student membership, excluding State-placed students. Starting in fiscal year 2028, the base adjusts annually using a three-year average of a federal state-and-local-government price index. The adjusted amount rounds up to the nearest dollar. Grant use does not remove federal special education duties, and the State must maintain federally required funding.
Schools face temporary tuition growth limits
For fiscal years 2028–2032, tuition paid to public or approved independent receiving schools has an annual growth limit. It cannot rise faster than statewide education spending changed between the previous fiscal year and the year before that. Existing tuition overcharge and undercharge rules still apply. The limit takes effect July 1, 2027, and controls district tuition costs rather than setting household payments.
Barre gets an education tax reimbursement
In fiscal year 2027, the law provides $150,576 from the Education Fund through the Department of Taxes to Barre. It reimburses education tax overpayments from fiscal years 2021–2024 caused by too little tax increment retained in the city’s financing district fund. The payment goes to the city, not directly to households.
Schools get debt relief, tighter spending limits
Districts exclude principal and interest on voter-approved bonds approved before July 1, 2026, when calculating excess spending. The spending threshold uses inflation-adjusted fiscal year 2025 statewide average district spending per pupil. It falls to 115.5% of that base in 2028, 114.5% in 2029, 113.5% in 2030, 113% in 2031, and 112.5% in 2032. The Secretary of Education determines the threshold by November 15 using budgets passed to date. The law also repeals the statutory base and threshold definitions June 30, 2029, with related formula changes following July 2.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 5/29/2026
Which was agreed to on a Roll Call Passed -- Needed 67 of 134 to Pass -- Yeas = 111, Nays = 23
Yes: 111 • No: 23 • Other: 1
Senate vote • 4/29/2026
3rd reading ordered on roll call Passed -- Needed 15 of 30 to Pass -- Yeas = 28, Nays = 2
Yes: 28 • No: 2
House vote • 3/25/2026
Which was agreed to on a Roll Call Passed -- Needed 70 of 139 to Pass -- Yeas = 78, Nays = 61
Yes: 78 • No: 61 • Other: 1
House vote • 3/25/2026
Which was disagreed to on a Roll Call Failed -- Needed 70 of 140 to Pass -- Yeas = 56, Nays = 84
Yes: 56 • No: 84 • Other: 1
Actions Timeline
House message: Governor approved bill on June 18, 2026
5/29/2026HouseSigned by Governor on June 18, 2026
5/29/2026HouseDelivered to Governor on June 12, 2026
5/29/2026HouseHouse message: House adopted Conference Committee report
5/29/2026HouseRep. McCoy of Poultney moved to deliver the bill to the Governor forthwith, which was agreed to
5/29/2026HouseWhich was agreed to on a Roll Call Passed -- Needed 67 of 134 to Pass -- Yeas = 111, Nays = 23
5/29/2026HouseCommittee of Conference report adopted (House bill)
5/29/2026HouseRep. Burkhardt of South Burlington demanded yeas and nays
5/29/2026HouseRules suspended and taken up for immediate consideration, pending entry on Notice Calendar, as moved by Rep. McCoy of Poultney
5/29/2026HouseSenate Message: Report of Committee of Conference adopted
5/29/2026SenateRules suspended & messaged to House forthwith, on motion of Senator Lyons
5/29/2026SenateCommittee of Conference report adopted
5/29/2026SenateCommittee of Conference report submitted by Senator Cummings for Committee, text
5/29/2026SenateRules suspended & taken up for immediate consideration, on motion of Senator Lyons
5/29/2026SenateCommittee of Conference report
5/29/2026SenateEntered on Notice Calendar
5/29/2026SenateSenate Message: Committee of Conference members appointed
5/8/2026SenateCommittee of Conference appointed: Senators Cummings, Chittenden, and Beck
5/8/2026SenateHouse message: House refused to concur in Senate proposal of amendment & requested Conference Committee; House Conference Committee members appointed
5/8/2026HouseSpeaker appointed Reps. Kornheiser of Brattleboro, Kimbell of Woodstock, and Feltus of Lyndon as members of the Committee of Conference on the part of the House
5/6/2026HouseSenate proposal of amendment not concurred in and Committee of Conference requested upon motion of Rep. Kornheiser of Brattleboro
5/6/2026HouseAction Calendar: Senate Proposal of Amendment
5/6/2026HouseNotice Calendar: Senate Proposal of Amendment
5/5/2026HouseSenate Message: Passed in concurrence with proposal of amendment
5/1/2026SenateRead 3rd time & passed in concurrence with proposal of amendment
4/30/2026Senate
Bill Text
As Enacted (ACT 169)Opens in a new window
6/19/2026
As Passed by Both Chambers
6/10/2026
As Passed by Both Chambers (Unofficial)
6/10/2026
Senate Proposal of Amendment
5/5/2026
Senate Proposal of Amendment (Unofficial)
5/5/2026
As Passed by the House
3/31/2026
As Passed by the House (Unofficial)
3/31/2026
As Introduced
3/19/2026
Related Bills
H.933, An act relating to miscellaneous administrative and policy changes to the tax laws
H.938, An act relating to establishing the Vermont Homelessness Response Continuum
H.921, An act relating to alcoholic beverages
H.942, An act relating to miscellaneous agricultural subjects
H.944, An act relating to the fiscal year 2027 Transportation Program and miscellaneous changes to laws related to transportation
H.935, An act relating to emergency management