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Bill > H0569


VT H0569

An act relating to supporting economic development


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
05/12/2022

Introduced Session

2021-2022 Session

Bill Summary

This bill proposes to encourage new workers to relocate to Vermont, to provide flexibility for Economic Recovery grants, to increase the capacity for the Capital Investment Program, to enable project-based tax increment financing districts, and to promote sustainable development and affordable housing.

AI Summary

This bill proposes to encourage new workers to relocate to Vermont, provide flexibility for Economic Recovery grants, increase the capacity for the Capital Investment Program, enable project-based tax increment financing districts, and promote sustainable development and affordable housing. Key provisions include establishing a program to award incentive grants to relocating employees, increasing the maximum grant amount for the Capital Investment Program, allowing municipalities to apply for project-based tax increment financing districts, and expanding the Downtown and Village Center Tax Credit Program to include neighborhood development areas.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Read First Time and referred to the Committee on Commerce and Economic Development (on 01/11/2022)

bill text


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