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.
| State or Territory: | Vermont |
| Effected Jurisdiction: | Vermont |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Vermont Employment Growth Incentive |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | 32 V.S.A. 3330 |
| Abating jurisdiction(s): | State of Vermont |
| Applicable taxes: | Personal Income Taxes |
| Method of abatement: | Tax refund |
| Provisions for recapture: | For three years from the last day of the utilization period if the business experiences a 90% or greater reduction in base employment, or if the business fails to file required claim forms. In addition, if the business fails to meet its capital investment performance requirements by the end of the award period the abatements paid may be recaptured. |
| Gross revenue loss: | $2,876,311 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,876,311 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://auditor.vermont.gov/reports/audit/financial |
