Kathryn Michaelis testifies before the Vermont Senate Finance Committee
Kathryn Michaelis testifies before the Vermont Senate Finance Committee


On February 15, 2022, Michaelis testified before the Vermont Senate Finance Committee on Senate Bill 53, Vermont’s corporate income tax reform bill.  S. 53 proposes wide-sweeping changes to Vermont’s corporate income tax system, including:  repeal of the “overseas business organization” (80/20 company) provisions; increases to the minimum tax; shifting from a three-factor formula to a single sales factor for apportionment; repeal of the throwback rule for sales; and shifting the sales factor from a Joyce to a Finnigan method.  Michaelis has been a Vermont attorney since 2012 and has participated in numerous policy and technical discussions relating to Vermont’s tax system.

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