The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 32 : Taxation and Finance
Chapter 125 : Exemptions
Subchapter 001 : EXEMPTIONS
(Cite as: 32 V.S.A. § 3803)-
§ 3803. Exemptions from local taxation
Except as otherwise provided, the following property shall not be set in the grand list to the owner thereof:
(1) real and personal estate used in operating a railroad, and appraised under sections 8281–8286 and 8321–8322 of this title, including the section of the North Stratford, New Hampshire, to Beecher Falls, Vermont, railroad line owned by the State of New Hampshire and situated in the Town of Canaan exempted from taxation under section 8286 of this title;
[Subdivision (2) effective until July 1, 2025; see also subdivision (2) effective July 1, 2025 set out below.]
(2) real and personal estate, except land and buildings, used in carrying on telephone business or in operating a transportation company in this State; and
[Subdivision (2) effective July 1, 2025; see also subdivision (2) effective until July 1, 2028 set out above.]
(2) real and personal estate, except land and buildings, used in operating a transportation company in this State; and
(3) money, stocks, bonds, mortgages, and other evidences of indebtedness. (Amended 1989, No. 222 (Adj. Sess.), § 33, eff. May 31, 1990; 1997, No. 156 (Adj. Sess.), § 2, eff. April 29, 1998; 2021, No. 105 (Adj. Sess.), § 525, eff. July 1, 2022; 2023, No. 145 (Adj. Sess.), § 8, eff. July 1, 2025.)
