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ACT SUMMARY 2007-2008

SUMMARY OF THE 2007 ACTS AND RESOLVES

ACT NO. 3

(S.83)

Taxation; delinquent tax penalties; grace periods;

Vermont economic development authority

This act allows the legislative body of a municipality to waive penalties or interest and establish grace periods and graduated commission schedules for collection of taxes with respect to property tax payments due prior to July 1, 2007; and requires the Vermont economic development authority to give preference for low-interest loans to businesses adversely affected by lack of snow.

Effective Date: March 16, 2007 with retroactive application to January 1, 2007



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us