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Vermont tax commissioner reminds Vermonters to pay 'Use Tax'

Mon, 02/27/2017 - 4:36pm -- tim

Vermont Business Magazine Vermont shoppers are familiar with the Vermont Sales Tax of 6 percent on most retail purchases. However, many Vermonters are less familiar with the corresponding use tax. Use tax is due if a shopper has not already paid sales tax at the time of purchase (except on exempt items such as food or clothing), according to the Vermont Department of Taxes.

Sanders, et al, to unveil drug importation bill to help lower drug costs

Mon, 02/27/2017 - 4:14pm -- tim

Vermont Business Magazine Senators Bernie Sanders (I-Vermont), Cory Booker (D-NJ), Bob Casey (D-Penn), Martin Heinrich (D-NM), Angus King (I-Maine) and Reps Elijah Cummings (D-MD) and Lloyd Doggett (D-Texas) will unveil new legislation to allow the importation of prescription drugs into the US Tuesday, at 12:30 pm during a press conference. The members of Congress have come together on legislation that will allow for drug importation while maintaining important safety standards.

Governor Scott names GMET team

Mon, 02/27/2017 - 3:34pm -- tim

Vermont Business Magazine Governor Phil Scott today announced the composition of his Government Modernization and Efficiency Team (GMET), with no shortage of big names, which he established via Executive Order 03-17 on his first day in office. The GMET team includes Biotek's Adam Alpert, Obama Administration official Allyson Laackman and BED GM and Douglas Administration official Neale Lunderville.

Vermont home prices up 0.4 percent, US up 0.1 percent

Mon, 02/27/2017 - 11:44am -- tim

Vermont Business Magazine Today, a national data firm reports that US and Vermont home prices increased in December. Vermont tied for the third largest increase. The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on December 2016 residential real estate transactions. The US average HPI was $267,000. According to real estate analyst Trulia, Vermont counties ranged from $116,500 (Essex) to $269,500 (Chittenden) in February.

Y receives $100,000 from NorthCountry Federal Credit Union

Mon, 02/27/2017 - 10:43am -- tim

Vermont Business Magazine The Greater Burlington YMCA announced today that NorthCountry Federal Credit Union has donated $100,000 to support the Y’s Youth Development programs. NorthCountry’s gift will help to underwrite early education, afterschool programs, summer camps, and youth swimming throughout the year. NorthCountry has been the Y’s Community Partner for six years, a relationship that has worked so well because of the two organization’s mutual focus on providing Vermonters the tools and opportunities they need to achieve their potential.

VBA welcomes Good Measure Brewing Co

Mon, 02/27/2017 - 10:39am -- Denise Sortor

Vermont Business Magazine The Vermont Brewers Association (VBA) is pleased to welcome Good Measure Brewing Co, out of Northfield, VT as the 51st member of the Association. The team at Good Measure Brewing Co includes Scott Kerner and Andrew Leichthammer. The group has plenty of combined experience in the industry. Scott has opened Three Penny Taproom and Mule Bar, while Andrew has the passion and experience for brewing.

Legislature Week in Review: First deadline reached

Mon, 02/27/2017 - 10:38am -- tim

Leonine Public Affairs Last week set the stage for the House’s workload for the remainder of the legislative session. Wednesday was the deadline for legislators to get bills they are sponsoring into the queue for referral to the relevant committee. Of the 492 House bills that have been introduced since the session began in early January, 167 of them came in this week. The new arrivals address topics as diverse as securing the safety of the electrical power grid from an electromagnetic pulse attack or severe solar storm (H.431), to requiring a study of fragrances in State buildings (H.451). Because the number of bills exceed the House’s capacity to review and consider all of them, many bills simply will not advance. In fact, the time crunch is all the more intense as this week saw the setting of Friday, March 17 as the “crossover” deadline. That is the date by which bills must pass out of committee in order to be eligible to pass the legislature this year. “Money” bills such as the budget bill get an extra week. Because the legislature will be taking the week of March 6th off so members can go to their town meetings and have a short break, there are only two weeks to get most bills out of their respective committees and to the floor.

Hanzas: Strong working families means a strong Vermont

Mon, 02/27/2017 - 10:38am -- tim

by Representative Sarah Copeland Hanzas As a state legislator, my first responsibility is to stand up for a Vermont that works for all of us. I’m continually looking at what we can do to strengthen Vermont’s economy for future generations. I’m proud to be a lead sponsor of legislation that would create a family and medical leave insurance program in our state. With tri-partisan support and more than 50 co-sponsors, this proposal is a perfect example of the meaningful improvements we can make right here in Vermont.

BNI Vermont launches Montpelier Chapter

Mon, 02/27/2017 - 9:37am -- Denise Sortor

Vermont Business Magazine BNI Vermont announced today that it has launched a Montpelier Chapter. Heart of Vermont BNI is the 12th BNI chapter to open in Vermont. The ‘ charter becomes effective February 24, 2017.  “Having Professional representation in the State Capital is a huge asset to BNI Vermont,” said Vickie Wacek, Executive Director of BNI Vermont.