2012 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 13 CITY OF SOUTH BURLINGTON
§ 1505 Tax stabilization agreements
§ 13-1505. Tax stabilization agreements
Notwithstanding any other provisions of this charter or the requirements of the general law of the state of Vermont, the city council is authorized and empowered to negotiate and execute agreements between the city and taxpayers regarding assessment and taxation of taxable commercial and industrial property located within the city, subject only to requirements of the Vermont Constitution and the limitation that no agreement shall be for a term longer than ten (10) years. Any agreement entered into under this provision shall require approval by four (4) members of the city council.
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
