Vermont H0164 proposes to increase the local option tax revenue distribution to municipalities from 70% to 80% and to allocate surplus PILOT Special.

Vermont H0164 aims to modify the distribution of local option tax revenue, increasing the percentage allocated to municipalities from 70% to 80%. Additionally, the bill proposes to distribute any surplus in the PILOT Special Fund proportionally to the municipalities that contributed to the surplus. The bill also tasks the Joint Fiscal Office with drafting a report on transitioning to a system where the state retains only the necessary funds to administer the PILOT Special Fund.

Vermont H0164 proposes to increase the local option tax revenue distribution to municipalities from 70% to 80% and to allocate surplus PILOT Special.

Vermont H0164 aims to modify the distribution of local option tax revenue, increasing the percentage allocated to municipalities from 70% to 80%. Additionally, the bill proposes to distribute any surplus in the PILOT Special Fund proportionally to the municipalities that contributed to the surplus. The bill also tasks the Joint Fiscal Office with drafting a report on transitioning to a system where the state retains only the necessary funds to administer the PILOT Special Fund.