Vermont
VT
Essex Junion
Municipality
2019
Village of Essex Junction Commercial Tax Stabilization Policy
General Economic Development
(not specified)
Essex Junction
Property Tax
Tax Abatement
(not specified)
$14,304
$0
$14,304
(none)
13859
Vermont
VT
Essex Junion
Municipality
2019
Tax Abatement Program
Recreational Purposes
(not specified)
Essex Junction
Property Tax
Tax Abatement
(not specified)
$1,714
$0
$1,714
(none)
13860
Vermont
VT
Essex Junion
Municipality
2019
Historic Building Abatements
General Economic Development
(not specified)
Essex Junction
Property Tax
Tax Abatement
(not specified)
$793
$0
$793
(none)
13861
Vermont
VT
Vermont
State
2019
Agricultural and Managed Forest Land Use Program
Conservation of farmland, forest, open space, or water
32 V.S.A. 3756
State of Vermont
Education Property Tax
Reduction of assessed value
Once enrolled in the program land is subject to a lien, if this land is ever developed or removed from the program, the owner at the time of development must pay a land use change tax of 10% tax on the full fair market value of the changed land determined without regard to the use value appraisal
$45,385,579
$0
$45,385,579
(none)
https://auditor.vermont.gov/reports/audit/financial
13862
Vermont
VT
Vermont
State
2019
Vermont Affordable Housing Tax Credit
Affordable Housing
32 V.S.A. 5930u
State of Vermont
Personal Income Tax; Corporate Income Tax; Bank Franchise Tax; Insurance Premium Tax
Tax Credit
(not specified)
$3,264,119
$0
$3,264,119
(none)
https://auditor.vermont.gov/reports/audit/financial
13863
Vermont
VT
Vermont
State
2019
Vermont Employment Growth Incentive
Business attraction/retention/expansion
32 V.S.A. 3330
State of Vermont
Personal Income Taxes
Tax refund
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.
$2,876,311
$0
$2,876,311
(none)
https://auditor.vermont.gov/reports/audit/financial
13864
Vermont
VT
Vermont
State
2019
Vermont Downtown and Village Center Tax Credit Program
Historic Preservation
32 V.S.A. 5930cc
State of Vermont
Personal Income Tax; Corporate Income Tax; Bank Franchise Tax; Insurance Premium Tax
Tax Credit
If, within five years after completion of the qualified project the applicant shall be liable for a recapture penalty in an amount equal to the total Tax Credit claimed if the Vermont Downtown Development Board finds that any work performed on the qualified project is inconsistent with the approved application; or the applicant knowingly failed to supply any information, or supplied incorrect or untrue information or failed to comply with any award condition; or in the case of the Historic Rehabilitation Tax Credit, the National Park Service revokes certification for unapproved alterations or for work not done as described in the Historic Preservation certification application.
$2,188,991
$0
$2,188,991
(none)
https://auditor.vermont.gov/reports/audit/financial
13865
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