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VERMONT EMERGENCY ECONOMIC RECOVERY GRANTS

On Friday, June 19, 2020, Governor Scott signed into law Act 115, “An act relating to creating emergency economic recovery grants.” This legislation includes $70 million for Emergency Economic Recovery Grants. The Agency of Commerce and Community Development and the Department of Taxes will work together to administer the grants.

Be First in Line for Relief Grants

Businesses will be able to apply for the $70 million in Economic Recovery Grants once the bill (S.350) is signed into law. The Vermont Department of Taxes will begin taking applications exclusively through myVTax within two weeks of the bill signing. Below are the steps you should take to ensure your business is first in line for these grants:

Verify you have a myVTax account. If you don’t, sign up now.

File all of your rooms and meals taxes through April 30th, as these will be used to provide the grant.

Make sure you are in good standing with the Tax Department.

You can view more information here, including how to determine if you’re eligible and what to do if you don’t have rooms, meals, and sales tax.

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