§ 1504. Business inventory and business personal property
(a) The City shall exempt business inventory as defined in 32 V.S.A. § 3848 from the property tax.
(b) Business personal property as defined in 32 V.S.A. § 3618(c) shall be appraised in accordance with the provisions of 32 V.S.A. § 3618, as such provisions are from time to time amended.
(c) Subsection (b) of this section notwithstanding, all business personal property first located in the City after April 1, 1996, shall be exempt from property tax.
(d) Subsection (b) of this section notwithstanding, the listed value of business personal property included in the City grand list for fiscal year 1996, shall be reduced by 20 percent for fiscal year 1997, and each year thereafter, or the maximum amount authorized under the provision of 32 V.S.A. § 3618(a), whichever is greater, and deleted from the grand list when reduced to zero listed value.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 13 - City of South Burlington
App § 101. Corporate existence retained
App § 102. General law application
App § 104. Ordinances; subjects
App § 105. Ordinances; enforcement; adoption
App § 106. Introduction; first and second readings; public hearing
App § 107. Further consideration; final passage
App § 111. Reservation of powers to the City
App § 301. Officers; general provisions
App § 302. City Council; number; terms of office; election
App § 306. Records of proceedings
App § 308. Jurisdiction over other officers or employees
App § 309. Compensation of Council members; appointees
App § 501. Application of general laws
App § 503. Special City and School District meetings
App § 505. Rescission of ordinances
App § 506. Petition for enactment of ordinance; special meeting
App § 701. Planning Commission
App § 1302. Preparation and submission
App § 1303. City and School District annual meeting warning and budget
App § 1304. Amount to be raised by taxation
App § 1306. Departmental budget
App § 1307. Transfers of appropriations
App § 1501. Taxes on real and personal property
App § 1504. Business inventory and business personal property
App § 1505. Tax stabilization agreements
App § 1506. Sales, rooms, meals, and alcoholic beverages tax
App § 1701. Appointment and removal
App § 1702. Personnel rules and regulations
App § 1901. Department of Assessment
App § 1904. Appraisal of unimproved land approved for commercial or industrial development
App § 2001. Continuation of prior law