2017 Vermont Statutes
Title 32 - Taxation and Finance
Chapter 105 - Vermont Employment Growth Incentive Program
§ 3330 Purpose; form of incentives; enhanced incentives; eligible applicant
§ 3330. Purpose; form of incentives; enhanced incentives; eligible applicant
(a) Purpose. The purpose of the Vermont Employment Growth Incentive Program is to generate net new revenue to the State by encouraging a business to add new payroll, create new jobs, and make new capital investments and sharing a portion of the revenue with the business.
(b) Form of incentives; enhanced incentives.
(1) The Vermont Economic Progress Council may approve an incentive under this subchapter in the form of a direct cash payment in annual installments.
(2) The Council may approve the following enhanced incentives:
(A) an enhanced incentive for a business in a labor market area with higher than average unemployment or lower than average wages pursuant to section 3334 of this title;
(B) an enhanced incentive for an environmental technology business pursuant to section 3335 of this title; and
(C) an enhanced incentive for a business that participates in a State workforce training program pursuant to section 3336 of this title.
(c) Eligible applicant. Only a business may apply for an incentive pursuant to this subchapter. (Added 2015, No. 157 (Adj. Sess.), § H.1, eff. Jan. 1, 2017.)
