Vermont Statutes Title 10 Sec. 7014
Terms Used In Vermont Statutes Title 10 Sec. 7014
- Authority: means the Vermont Low-Level Radioactive Waste Authority. See
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- Municipality: shall include a city, town, town school district, incorporated school or fire district or incorporated village, and all other governmental incorporated units. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 7014. Tax ramifications
(a) All property and business of the Authority is devoted to an essential public and governmental function and purpose and is exempt from all taxes, franchise fees, and special assessments of whatever nature of the State or any subdivision of the State.
(b) The Authority annually shall pay a municipality, in which a disposal site is located, an amount in lieu of taxes equal to the amount of property tax that would be paid on such a disposal site by an owner subject to property tax.
(c) The Authority shall pay all applicable State and local permit fees, including any fees negotiated pursuant to subdivision 7012(f)(3) of this chapter. (Added 1989, No. 296 (Adj. Sess.), § 3, eff. June 29, 1990.)