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
005
:
STATEWIDE TAX INCREMENT FINANCING
(Cite as: 24 V.S.A. § 1893)
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§ 1893. Purpose
The purpose of tax increment financing districts is to provide revenues for improvements
that serve the district and related costs, which will stimulate development or redevelopment
within the district, provide for employment opportunities, improve and broaden the
tax base, or enhance the general economic vitality of the municipality, the region,
or the State. (Added 1985, No. 87; amended 2005, No. 184 (Adj. Sess.), § 2b; 2007, No. 190 (Adj. Sess.), § 55, eff. June 6, 2008.)