BILL AS INTRODUCED S.247
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1 S.247
2 Introduced by Senators Clarkson, Brock, Cummings, Harrison and Ram
3 Hinsdale
4 Referred to Committee on
5 Date:
6 Subject: Economic development; employment growth incentives; Vermont
7 Employment Growth Incentive (VEGI); Vermont Economic Progress
8 Council (VEPC)
9 Statement of purpose of bill as introduced: This bill proposes to repeal the
10 prohibition on the Vermont Economic Progress Council (VEPC) accepting and
11 approving an application for a Vermont Employment Growth Incentive
12 (VEGI) after a certain date.
13 An act relating to repealing the Vermont Employment Growth Incentive
14 (VEGI) Program sunset
15 It is hereby enacted by the General Assembly of the State of Vermont:
16 Sec. 1. 2016 Acts and Resolves No. 157, Sec. H.12, as amended by 2022
17 Acts and Resolves No. 164, Sec. 5 and 2023 Acts and Resolves No. 72,
18 Sec. 39, is further amended to read:
19 Sec. H.12. VEGI; REPEAL OF AUTHORITY TO AWARD INCENTIVES
VT LEG #372805 v.1
BILL AS INTRODUCED S.247
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1 Notwithstanding any provision of law to the contrary, the Vermont
2 Economic Progress Council shall not accept or approve an application for a
3 Vermont Employment Growth Incentive under 32 V.S.A. chapter 105,
4 subchapter 2 on or after January 1, 2025. [Repealed.]
5 Sec. 2. EFFECTIVE DATE
6 This act shall take effect on July 1, 2024.
VT LEG #372805 v.1