Introduced by Representative Obuchowski of Rockingham
Subject: Taxation; education property tax; tax stabilization agreements; hydroelectric facilities
Statement of purpose: This bill proposes to require the facilities purchased by the town of Rockingham to be taxed in the same manner as other municipal utilities.
AN ACT RELATING TO HYDROELECTRIC PLANT TAX STABILIZATION AGREEMENTS AND PAYMENT IN LIEU OF TAXES
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. REPEAL
32 V.S.A. § 5404b(3) (payment in lieu of taxes for Rockingham hydroelectric plant) is repealed.
Sec. 2. EFFECTIVE DATE
This act shall be effective upon passage and shall apply to property tax years beginning 2005 and after.
The Vermont General Assembly
115 State Street