House Commerce Committee advances amendment to S.127 to reshape housing infrastructure TIFs
The Vermont House Committee on Commerce and Economic Development reviewed and moved forward with an amendment to S.127 on May 21, 2025, that replaces the bill's CHIP tax-increment sections, sets a $40 million aggregate cap with a limited increase mechanism, removes a separate CHIP board and directs rulemaking on how applications are prioritized.
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Montpelier ' The Vermont House Committee on Commerce and Economic Development reviewed and moved forward with an amendment to S.127 on May 21, 2025, that replaces existing tax-increment financing (TIF) provisions for the state's housing infrastructure program (CHIP) and sets new application, oversight and prioritization rules.
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