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RSSHouse Approves Tax Reimbursements for Irene
Friday, 01/06/12 6:06am
The Associated Press
It's on to the Vermont Senate for a bill that would have the state tax commissioner reimburse towns that have made tax abatements for property owners who suffered damage from Tropical Storm Irene.
The House passed the measure on a voice vote Thursday, and it's expected to win easy passage in the Senate.
Many towns were asked by home and business owners to lower their tax bills to account for damage from flooding triggered by Irene.
The bill relates to school taxes, but not municipal taxes.
It's expected to cost the state between $2 million and $4 million, an amount that lawmakers say can be covered out of a surplus in the state education fund.
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