The bill S.31 proposes a temporary suspension of the ambulance agency provider tax for the fiscal years 2026 through 2028. Specifically, it states that during these years, the Department of Vermont Health Access will not assess the ambulance agency assessment, meaning that no ambulance agency will be required to pay this tax. Additionally, to compensate for the lost revenue from the suspension of the tax, the bill mandates that the Commissioner of Finance and Management transfer an amount equivalent to the revenue generated by the ambulance agency assessment in fiscal year 2025 from the PILOT Special Fund to the General Fund.

The act is set to take effect on July 1, 2025, ensuring that the changes are implemented before the start of the fiscal year 2026. This legislative measure aims to alleviate financial burdens on ambulance agencies while maintaining the necessary funding for the General Fund through the specified transfers from the PILOT Special Fund.