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BILL AS INTRODUCED 2007-2008

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H.528

Introduced by Representative Kitzmiller of Montpelier

Referred to Committee on

Date:

Subject:  Municipal government; municipal charters; city of Montpelier

Statement of purpose:  This bill proposes to approve the amendment to the charter of the city of Montpelier which authorizes the city council to grant property tax credits for buildings equipped with operating fire sprinkler systems.

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.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us