Vermont Chamber Secures Extension for Vermont’s Only Business Incentive Program

The miscellaneous tax bill H.471 became the vehicle to pass an essential one-year extension of the Vermont Employment Growth Incentive program. The issue was previously housed in S.94, which also included language on Tax Increment Financing. With little to no time to review, discuss, or take testimony on proposed House changes to S.94, the Senate decided to postpone action on program changes until next year. The Vermont Chamber played a crucial role in rerouting legislation that would have effectively ended the VEGI program and instead advocated for a balanced review and modernization of the program.