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
015
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 13, § 1505)
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§ 1505. Tax stabilization agreements
Notwithstanding any other provisions of this charter or the requirements of the general
law of the State of Vermont, the City Council is authorized and empowered to negotiate
and execute agreements between the City and taxpayers regarding assessment and taxation
of taxable commercial and industrial property located within the City, subject only
to requirements of the Vermont Constitution and the limitation that no agreement shall
be for a term longer than 10 years. Any agreement entered into under this provision
shall require approval by four members of the City Council.