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NO. 53. AN ACT RELATING TO EDUCATION PROPERTY TAX EXEMPTION FOR WHEY PROCESSING FIXTURES.

(H.486)

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1. 32 V.S.A. 5401(10)(G) is added to read:

(10) "Nonresidential property" means all property except:

* * *

(G) Machinery and equipment used directly in the processing of whey, whether or not such machinery or equipment is attached or affixed to real property.

Sec. 2. EFFECTIVE DATE AND TRANSITION RULE

This act shall take effect from passage, and shall apply to education property tax grand lists for April 1, 2001, and after.

Approved: June 12, 2001