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ACT NO. 146

(H. 757)

Tax Stabilization Agreement; Education Grand List; Georgia

This act constitutes the approval of the General Assembly to a tax stabilization agreement entered into by the Town of Georgia, thereby affecting the education grand list and reducing the education tax liability of the town for the duration of the agreement under the provisions of 32 V.S.A. § 5404a(a) as added by Act 60 of the 1997 Session.

The agreement is between the Town of Georgia and Bryce Realty relating to Lot 9 of the Arrowhead Industrial Park, and provides that such property shall be taxed at 50 percent of the tax otherwise due and shall be in effect for a period of five years commencing April 1, 1998.

Effective Date: April 21, 1998