Phil Scott signs $1,000 child tax credit into law

Gov. Phil Scott signed a tax cut package into law Friday that will send $1,000 for every child 5 and under to Vermont households making $125,000 or less.

The House initially sought to spend nearly $50 million, almost entirely dedicated to the child tax credit alone.

The Senate responded with a $36 million package, only $22.5 million of which would have gone to the child tax credit.

The final form of H.510 will spend $40 million, with $32 million going to the child tax credit, which will benefit over 30,000 kids. Sunset provision eliminated.

Families claiming the child tax credit would lose $20 per $1,000 over the threshold their income is.

House Speaker Jill Krowinski, D-Burlington, called the tax package "historic" and said it "wouldn't have been possible without the leadership and vision" of outgoing Rep. Janet Ancel, D-Calais, the longstanding chair of the House Ways and Means Committee.

House Speaker Jill Krowinski, D-Burlington, called the tax package "historic" and said it "wouldn't have been possible without the leadership and vision" of outgoing Rep. Janet Ancel, D-Calais, the longstanding chair of the House Ways and Means Committee.