Increases tax on solar power and energy storage facilities to fund farm losses from weather conditions.
The bill increases the Uniform Capacity Tax on solar power plants and energy storage facilities in Vermont. The tax revenue will fund the Farm Security Special Fund, which provides grants to farms for losses due to weather conditions. The fund will receive revenue from the tax, federal aid, and half of the uniform capacity tax revenue. The bill also establishes a Farm Security Special Fund Review Board to oversee the fund and recommend improvements.
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