Under House Bill 217, a new Vermont payroll tax provides funding for the Child Care Financial Assistance Program which subsidizes childcare costs for families based on income.
Vermont employers will be required to make contributions to fund the new child care program beginning July 1, 2024.
For more information on Vermont's wage and payroll tax laws, check out our Vermont Wage and Payroll Tax Facts page.
Paylocity is closely monitoring these changes and awaiting additional agency publications that support employer reporting.
Thank you for choosing Paylocity as your Payroll Tax and HCM partner. This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.
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