summary
Introduced
01/30/2026
01/30/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to increase the downtown and village center tax credit program to $5,000,000.00 annually; expand services to small businesses by allocating funds that will support the Vermont Law and Graduate School’s business law center, increase business advising with the Vermont Small Business Development Center, and support the Vermont’s Community Action Partnership’s microbusinesses development program; allocate funds to support the International Business Office, brownfields remediation and redevelopment, and a comprehensive outdoor study by Vermont Outdoor Recreation Economic Collaborative; create a task force to study business development in Vermont; and repeal the prospective repeal of the Vermont Employment Growth Incentive program.
AI Summary
This bill aims to boost Vermont's economy by increasing the annual funding for the downtown and village center tax credit program from $3,000,000 to $5,000,000, and by expanding support for small businesses through allocations to the Vermont Law and Graduate School's business law center for legal assistance, the Vermont Small Business Development Center for increased advising and workshops, and the Vermont Community Action Partnership's microbusiness development program. Additionally, the bill allocates funds for the International Business Office, brownfields remediation and redevelopment, and a comprehensive study on the economic impact of outdoor recreation, while also establishing a task force to study business development in Vermont and repealing a previous provision that would have ended the Vermont Employment Growth Incentive program, thereby continuing it and introducing enhanced incentives for employee-owned businesses.
Committee Categories
Housing and Urban Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Economic Development, Housing and General Affairs (Senate)
Last Action
Senate Committee on Economic Development, Housing and General Affairs Hearing (11:00:00 2/25/2026 Room 27) (on 02/25/2026)
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/S.327 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0327/S-0327%20As%20Introduced.pdf |
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