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. § 2511)
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§ 2511. Definitions
As used in this subchapter:
(1) “Benefit” means any abatement, loan, or grant awarded to the business as enumerated
in subdivision (2) of this section.
(2) “Business” means any individual, partnership, corporation, or other entity that has
been granted a tax abatement pursuant to the provisions of Title 24, or has been granted
a loan or a grant by any board, commission, or program established under the provisions
of Title 10 or 24, or under the provisions of this title.
(3) “Commissioner” means the Commissioner of Taxes.
(4) “Qualified period” means a period of five years after the initial grant of a benefit
or a time period set forth in any agreement executed by the State subsequent to the
effective date of this subchapter. (Added 1993, No. 221 (Adj. Sess.), § 10.)