Childcare payroll tax bringing about $80 million a year; timing leaves about $20 million in general fund at fiscal close The Department of Taxes told the Ways & Means Committee the new childcare contribution payroll tax is producing roughly $80to82 million annually, but timing and return reconciliation left about $20 million in the general fund at the end of the fiscal year; an IT upgrade is planned to reduce the lag.

Vermont's new childcare payroll tax is raking in nearly $82 million a year, but a timing glitch is leaving $20 million stranded in the general fund!

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