Act No. 82 Page 1 of 1
2024
This act summary is provided for the convenience of the public and members of the General Assembly. It
is intended to provide a general summary of the act and may not be exhaustive. It has been prepared by the
staff of the Office of Legislative Counsel without input from members of the General Assembly. It is not
intended to aid in the interpretation of legislation or to serve as a source of legislative intent.
Act No. 82 (S.160). An act relating to State education property taxes and flood-related
damage
Subjects: Taxation; statewide education property tax; abatements
This act allows a municipality to receive reimbursement of education property tax
payments owed for properties that were considered lost or destroyed due to severe storms
and floods in an area that was declared a federal disaster between July 1, 2023 and
October 15, 2023. To be eligible for reimbursement for a property, the municipality must
have abated education taxes in proportion to municipal taxes.
For tax years 2023 and 2024, disaster relief payments are excluded from household
income for purposes of calculating a homestead property tax credit.
Effective Date: February 7, 2024
VT LEG #376849 v.2