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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateVermont
Effected JurisdictionVermont
Jurisdiction type: State
Fiscal year ending In2020
Program nameVermont Employment Growth Incentive
Program purpose: Business attraction/retention/expansion
Statutory authority: 32 Vermont Statutes Annotated 3330
Abating jurisdiction(s): State of Vermont
Applicable taxesPersonal Income Tax
Method of abatement: Tax Rebate
Provisions for recapture: The recipient is required to pay back some or all of the benefits received.
Gross revenue loss: $1,892,074
Reimbursement / offset: $0
Net revenue loss: $1,892,074
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://auditor.vermont.gov/reports/audit/financial