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ACT OF THE GENERAL ASSEMBLY 2007-2008

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NO. M-11.  AN ACT RELATING TO APPROVAL OF AMENDMENT TO THE CHARTER OF THE CITY OF MONTPELIER.

(H.528)

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

Sec. 1.  CHARTER APPROVAL

The general assembly approves the amendment to the charter of the City of Montpelier as provided in this act.  The proposal of amendment was approved by the voters on March 6, 2007.

Sec. 2.  24 V.S.A. App. chapter 5, § 1211 is added to read:

§ 1211.  PROPERTY TAX CREDITS

By resolution or ordinance, the city council may grant credits equal to no more than 10 percent of the annual municipal property tax, or reductions of up to 10 percent of the appraised valuation, for residential and nonresidential buildings equipped with an operating fire sprinkler system approved by the fire chief in accordance with applicable codes and ordinances.

Sec. 3.  EFFECTIVE DATE

This act shall take effect upon passage.

Approved:  April 27, 2007



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us