BILL AS INTRODUCED H.419
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VT LEG #381082 v.1
H.419 1
Introduced by Representatives Boutin of Barre City and Galfetti of Barre 2
Town 3
Referred to Committee on 4
Date: 5
Subject: Taxation and finance; education property tax; tax increment financing 6
districts; municipal and county government; indebtedness; statewide 7
tax increment financing; TIF 8
Statement of purpose of bill as introduced: This bill proposes to extend by two 9
years the period during which the City of Barre can incur indebtedness for its 10
tax increment financing district. 11
An act relating to the City of Barre tax increment financing district 12
It is hereby enacted by the General Assembly of the State of Vermont: 13
Sec. 1. 2023 Acts and Resolves No. 72, Sec. 37 is amended to read: 14
Sec. 37. TAX INCREMENT FINANCING DISTRICT; CITY OF BARRE; 15
EXTENSION; INCREMENT 16
(a) Notwithstanding 2021 Acts and Resolves No. 73, Sec. 26a, amending 17
2020 Acts and Resolves No. 175, Sec. 29, or any other provision of law, the 18
authority of the City of Barre to incur indebtedness is hereby extended to 19
March 31, 2026 2028. 20 BILL AS INTRODUCED H.419
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VT LEG #381082 v.1
(b) Notwithstanding any other provision of law, the authority of the City of 1
Barre to retain municipal and education tax increment is hereby extended until 2
June 30, 2039. 3
Sec. 2. EFFECTIVE DATE 4
This act shall take effect on passage. 5