MONTPELIER, VT — The Vermont Legislature is taking action to help individuals and towns impacted by July flooding. Bills in both the House and Senate will authorize the Commissioner of Taxes to reimburse municipalities for property tax abatements granted due to disruption to tax collections resulting from this summer’s flooding in Vermont’s federally declared disaster areas.
“Vermonters and municipalities are still recovering from the impacts of the devastating July floods,” said Sen. Ann Cummings, Chair of Senate Committee on Finance and lead sponsor of the Senate bill. “I’m pleased to introduce a bill that will provide Vermont homeowners and our towns with the State support they need as abatement requests are considered.”
“House members across the state have responded to their communities needs in the aftermath of this summer’s flooding,” said Rep. Emilie Kornheiser, Chair of House Committee on Ways and Means and lead sponsor of the House bill. “Recovery will take each of us and I’m glad to be taking this step forward with tax abatement for our communities.”
Under current law, town boards of abatements may abate local and state property taxes, but still owe the state education tax for the abated properties.
These bills provide a process to reimburse towns for those state property taxes owed.
Abatements and properties must meet eligibility criteria.
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