Bill
Bill > H0487
summary
Introduced
03/19/2025
03/19/2025
In Committee
03/19/2025
03/19/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to establish a mechanism for an incorporated village and associated town to share revenue from a single local option tax adopted by the town.
AI Summary
This bill establishes a framework for a town and an incorporated village within that town to share revenue generated from a single local option tax that the town has adopted. A local option tax is a tax that a local government, in this case the town, can choose to implement in addition to state taxes. The bill outlines how this shared revenue will be distributed between the town and the village, providing a mechanism for financial cooperation between these two governmental entities.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Committee on Ways and Means Hearing (00:00:00 1/23/2026 ) (on 01/23/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2026/H.487 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0487/H-0487%20As%20Introduced.pdf |
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