Section 129B-3 - Local options tax(a) The Selectboard is authorized to impose a one-percent sales tax, a one-percent meals and alcoholic beverages tax, and a one-percent rooms tax upon the sales within the Town that are subject to the State of Vermont tax on sales, meals, alcoholic beverages, and rooms.(b) A tax imposed under the authority of this section may be rescinded and shall be collected and administered pursuant to 24 V.S.A. § 138, provided that the Town shall:(1) receive on a quarterly basis not less than 70 percent of the tax collected, less the per-return fee; and(2) pay not more than 70 percent of the per-return fee.(c) The tax to be paid to the Town shall be set aside in the Sewer Reserve Fund to assist in the repayment of debt obligations related to the construction of a Municipal Wastewater System in Montgomery Center and Village.(d) The taxes authorized by this section shall expire 90 days after the date that the Town has fully repaid the debt obligations related to the construction of the Municipal Wastewater System in Montgomery Center and Village.24 Appendix V.S.A. § 129B-3
Added 2021, No. M-18 (Adj. Sess.), §2, eff. 6/7/2022.