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ACT NO. 157

(H.723)

Tax Stabilization Agreements; Education Grand List;

Hartford; Brattleboro; Hartland

This act constitutes the approval of the General Assembly to three tax stabilization agreements entered into by the Towns of Hartford, Brattleboro and Hartland and reducesthe education tax liability of those towns for the duration of their respective agreements under the provisions of 32 V.S.A. § 5404a(a) as added by Act 60 of the 1997 Session.

The agreement in the Town of Hartford is with Sandsland Holdings, Ltd., relating to a warehouse and distribution facility for King Arthur Flour Company; the agreement in the Town of Brattleboro is with Northeast Cooperatives, relating to a warehouse and distribution facility for that company; and the agreement in the Town of Hartland is with the Ottauquechee Hydro Company.

Effective Dates: Hartford, tax years beginning April 1, 1998 through April 1, 2002; Brattleboro, tax years beginning April 1, 1999 through April 1, 2005; Hartland, tax years beginning April 1, 1998 through March 31, 2008.