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February 2006

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Subject:
From:
Michalina Wasung Townshend Treasurer <[log in to unmask]>
Reply To:
Vermont Municipal Government Discussion Network <[log in to unmask]>
Date:
Tue, 28 Feb 2006 10:03:08 -0500
Content-Type:
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This has a certain amount of merit in terms of the dotting of i's and 
crossing the t's factor.  However, Townshend has yet to abate under 
inability to pay, so has not come up against any instances to which this 
might apply.
Miki, Townshend Treasurer

----- Original Message ----- 
From: "Alison Kaiser" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Monday, February 27, 2006 8:57 AM
Subject: Abatement (H.660)


> House Government Operations is in search of 2 or 3 people to testify this
> Thursday (March 2) at 8:30 a.m. regarding the following proposed bill on
> Abatement.  Please respond to me directly at 
> [log in to unmask]
> if you are interested.  I need to know by the end of the day today so that 
> I
> can schedule with Legislative Council.
>
> AN ACT RELATING TO RECAPTURE OF ABATED TAXES
>
> It is hereby enacted by the General Assembly of the State of Vermont:
>
> Sec. 1.  24 V.S.A.  1535(e) is added to read:
>
>  1535.  Abatement
>
> * * *
>
> (e)  The board may, in the case of abatement under subdivision (a)(3) of
> this section, impose a repayment penalty of the entire amount abated if 
> the
> property is transferred within one year of the date of abatement and a
> repayment penalty of one-half the amount abated if the property is
> transferred after one year but within two years of the date of abatement.
> If the board imposes a repayment penalty, commencing with the date of the
> filing of notice of the penalty by the board with the town clerk, the
> penalty amount shall be a first lien in the amount of the penalty, in the
> same manner as a tax lien under chapter 133 of Title 32, and the lien 
> shall
> expire two years and one day after the date of the abatement.
>
>
> Personally, I cannot offer much on this issue as Stowe's Board of 
> Abatement
> is very strict and RARELY abates anything.
>
> Thanks in advance.
>
> Alison Kaiser
> 

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