BILL AS INTRODUCED H.487 2025 Page 1 of 1 VT LEG #381175 v.1 H.487 1 SHORT FORM 2 Introduced by Representatives Walker of Swanton and Oliver of Sheldon 3 Referred to Committee on 4 Date: 5 Subject: Taxation; municipal taxes; local option tax; revenue share 6 Statement of purpose of bill as introduced: This bill proposes to establish a 7 mechanism for an incorporated village and associated town to share revenue 8 from a single local option tax adopted by the town. 9 An act relating to local option tax revenue sharing between a town and 10 village 11 It is hereby enacted by the General Assembly of the State of Vermont: 12 (TEXT OMITTED IN SHORT-FORM BILLS) 13