Richmond did this in 1998. Our article read as follows:
Shall the Town of Richmond vote pursuant to V.S.A. 32, Section 3849, to
abolish the tax on business personal property beginning with the 1998
Grand List? The appraised value of business personal property will be
eliminated with no value being assessed for personal property on the
1998 Grandlist nor thereafter.
From: Vermont Municipal Government Discussion Network
[mailto:[log in to unmask]] On Behalf Of Granby Town Clerk
Sent: Thursday, January 08, 2004 1:09 PM
To: [log in to unmask]
Subject: Town Meeting article wording
Could someone tell me the proper wording for the Selectboard to put an
article on the warning to do away with the inventory tax and also the
machinery and equipment tax.
And is there a certain percentage or dollar value that you can designate
the machinery/equipment value to be exempt?
Nellie Noble, Granby Town Clerk