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--- version:As IntroducedOpens in a new window+++ version:(document, no version)@@ -1,39 +1,24 @@-BILL AS INTRODUCED H.178-2025 Page 1 of 2+H.178-VT LEG #380206 v.1-H.178 1-Introduced by Representatives Boutin of Barre City, Micklus of Milton, 2-Morgan, L. of Milton, Morgan, M. of Milton, Steady of Milton, 3-Taylor of Milton, and Waszazak of Barre City 4-Referred to Committee on 5-Date: 6-Subject: Taxation; education property tax; overpayment; tax increment 7-financing district; City of Barre; Town of Milton 8-Statement of purpose of bill as introduced: This bill proposes to refund 9-education property tax overpayments made by the City of Barre and by the 10-Town of Milton due to miscalculations of the amount of tax increment to be 11-retained by each municipality from its tax increment financing district fund. 12-An act relating to refunding property tax overpayments to the City of Barre 13-and to the Town of Milton 14-It is hereby enacted by the General Assembly of the State of Vermont: 15-Sec. 1. EDUCATION FUND REFUND; CITY OF BARRE TIF DISTRICT; 16- TAX INCREMENT; FY 2016–FY 2020 17-Notwithstanding any other provision of law, the sum of $437,028.00 shall 18-be transferred from the Education Fund to the City of Barre not later than fiscal 19-year 2026 to compensate the City for overpayments of education property 20-BILL AS INTRODUCED H.178-2025 Page 2 of 2+An act relating to refunding property tax overpayments to the City of Barre and to the Town of Milton-VT LEG #380206 v.1-taxes in fiscal years 2016 through 2020 due to insufficient retention of tax 1-increment from the City’s Tax Increment Financing District fund. 2-Sec. 2. EDUCATION FUND REFUND; MILTON TOWN CORE TIF 3- DISTRICT; TAX INCREMENT; FY 2017–FY 2023 4-Notwithstanding any other provision of law, the sum of $184,451.00 shall 5-be transferred from the Education Fund to the Town of Milton not later than 6-fiscal year 2026 to compensate the Town for overpayments of education 7-property taxes in fiscal years 2017 through 2023 due to insufficient retention of 8-tax increment from the Town Core’s Tax Increment Financing District fund. 9-Sec. 3. EFFECTIVE DATE 10-This act shall take effect on passage. 11+Sponsors:++Rep. Michael Boutin,++,+Rep. Anthony Micklus, Rep. Leland Morgan, Rep. Michael Morgan, Rep. Brenda Steady, Rep. Christopher Taylor, Rep. Edward Waszazak,++Location: House Committee on Ways and Means++Last Recorded Action: 2/11/2025 - Read first time and referred to the Committee on Ways and Means++Committee Activity - Witnesses Who Testified++Regular Session 2025-2026++House Committee on Ways and Means++Rep. Michael Boutin, Sponsor++Carol Dawes, TIF Administrator, Barre
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