The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
006
:
RECAPTURE OF DEVELOPMENT INCENTIVES
(Cite as: 3 V.S.A. § 2510)
-
§ 2510. Findings
The General Assembly finds that a number of programs and tax credits have been established
that encourage the development of businesses and jobs in the State of Vermont. The
General Assembly also finds that some beneficiaries leave this State before the State
derives any benefit from the assistance. Therefore, it is the public policy of the
State of Vermont to recapture any benefits that it has granted to any business if,
within a qualified period after the benefit was bestowed, that business decides to
leave the State or to otherwise curtail its activity to a point lower than represented
when the benefit was granted. (Added 1993, No. 221 (Adj. Sess.), § 10.)