Vermont H0273 reduces the land use change tax rate and expands eligibility for the Use Value Appraisal Program.

Vermont H0273 amends the Use Value Appraisal Program by lowering the land use change tax rate from 10 percent to six percent of the full fair market value of the changed land. The bill also expands the definition of a "farmer" eligible for the program to include those who earn at least 25 percent of their income from the raising, feeding, or management of equines. This change aims to provide broader support for farmers in the state.

Vermont H0273 reduces the land use change tax rate and expands eligibility for the Use Value Appraisal Program.

Vermont H0273 amends the Use Value Appraisal Program by lowering the land use change tax rate from 10 percent to six percent of the full fair market value of the changed land. The bill also expands the definition of a "farmer" eligible for the program to include those who earn at least 25 percent of their income from the raising, feeding, or management of equines. This change aims to provide broader support for farmers in the state.