- Associated Press - Sunday, May 10, 2015

MONTPELIER, Vt. (AP) - With their initial meetings out of the way, legislative conferees at the Vermont Statehouse are set to meet Monday with key differences between the House and Senate still to resolve.

It will require some quick work, if this is to be the last week of the 2015 legislative session, as House and Senate leaders hope. One reason is that the Legislature’s own budget for the year runs out this week.

One key difference is over limits on income tax deductions. The House would cap itemized deductions at $15,500 for individuals and $31,000 for couples. The Senate wants to cap the home mortgage interest deduction at $12,000 a year, and allow unlimited charitable giving deductions if the charities operate in state.

Differences between the two chambers’ spending bills are less pronounced.

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