|BILL AS PASSED BY HOUSE||2007-2008|
AN ACT RELATING TO APPROVAL OF AMENDMENT TO THE CHARTER OF THE CITY OF MONTPELIER
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.
The Vermont General Assembly
115 State Street