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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.

Effected JurisdictionVermont
Jurisdiction type: State
Fiscal year ending In2022
Program nameVermont Downtown and Village Center Tax Credit Program
Program purpose: Historic Preservation
Statutory authority: 32 Vermont Statutes Annotated 5930cc
Abating jurisdiction(s): State of Vermont
Applicable taxesPersonal Income Tax; Corporate Income Tax; Bank Franchise Tax; Insurance Premium Tax
Method of abatement: Tax Credit
Provisions for recapture: Tax Credits may be revoked; penalties may be incurred
Gross revenue loss: $2,344,785
Reimbursement / offset: $0
Net revenue loss: $2,344,785
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://auditor.vermont.gov/sites/auditor/files/documents/VERMONT_2022_A...