|ACT OF THE GENERAL ASSEMBLY||2007-2008|
NO. 3. AN ACT RELATING TO DELINQUENT TAX PENALTIES.
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. DELINQUENT TAX PENALTIES; GRACE PERIODS; 2007
Notwithstanding any other provision of law, with respect to all property tax payments with a due date prior to July 1, 2007, the legislative body of a municipality may waive penalties or interest, or both, and may establish a grace period or graduated commission schedule for all taxes payable after the established time of payment.
Sec. 2. VERMONT ECONOMIC DEVELOPMENT AUTHORITY; LOW
The Vermont Economic Development Authority shall give preference by providing low-interest loans in its small business loan program to applicants whose business has been adversely affected by lack of snow in November and December 2006 and January 2007.
Sec. 3. EFFECTIVE DATE
This act shall take effect from passage and shall apply retroactively to January 1, 2007.
Approved: March 16, 2007
The Vermont General Assembly
115 State Street