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House advances S.327 with amendments on small-business supports, VEGI and CPACE
Summary
After a lengthy second-reading explanation from committee members, the House amended and ordered third reading of S.327 (economic development), including changes to the Vermont Employment Growth Incentive (VEGI), nickel-rounding for cash transactions, and a new commercial property-assessed clean energy (CPACE) authority.
The House considered Senate Bill 327, an economic development package, during its second reading and voted to amend the committee report and order third reading.
Member from Burlington, speaking for the House Committee on Commerce and Economic Development, outlined the bill—s main provisions: a statewide inventory of private and public resources for small businesses (report due Dec. 15, 2026); changes to the convention center and performance venue task force; creation of hospitality and culinary apprenticeship pilot programs with interim and final report deadlines; codification and expansion of the Vermont Employment Growth Incentive program; provisions allowing businesses to round cash transactions where penny coins are unavailable; and creation of a…
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