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Ways & Means backs amendment to H.397 to align four municipal charters with 75/25 local-option tax split
Summary
The Ways & Means Committee voted to find an amendment to H.397 favorable that ties four municipal charters to the state local-option tax statute, allowing Burlington, Montpelier, Middlebury and Williston to receive the proposed 75/25 revenue split rather than a 70% share fixed in their charters.
The Ways & Means Committee voted 11-0 to find an amendment to H.397 favorable that would bring four municipal charters into conformity with a proposed 75/25 split for the state local-option tax. The amendment ties charter language to 24 V.S.A. §138 so those municipalities would receive 75 percent of the municipal share under the statute rather than a fixed 70 percent spelled out in their charters.
The amendment’s purpose, as explained by legislative counsel Tucker Anderson, is “to bring the charters of 4 municipalities into conformity with the new pilot 75 25 split.” Anderson told the committee his review of the charter text in the LexisNexis database identified…
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