Vermont H 643: An act relating to the governance of the Vermont State Colleges and the University of Vermont

Bill Text

BILL AS INTRODUCED H.643
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VT LEG #385120 v.1
H.643 1
Introduced by Representatives Keyser of Rutland City, Bailey of Hyde Park, 2
Bosch of Clarendon, Demar of Enosburgh, Galfetti of Barre 3
Town, Gregoire of Fairfield, Harvey of Castleton, Howland of 4
Rutland Town, Labor of Morgan, Lalley of Shelburne, Luneau 5
of St. Albans City, Malay of Pittsford, Marcotte of Coventry, 6
Nelson of Derby, North of Ferrisburgh, Pinsonault of Dorset, 7
Pouech of Hinesburg, Southworth of Walden, Steady of Milton, 8
Tagliavia of Corinth, Wells of Brownington, White of 9
Waitsfield, and Winter of Ludlow 10
Referred to Committee on 11
Date: 12
Subject: Taxation; purchase and use tax; education fund; transportation fund 13
Statement of purpose of bill as introduced: This bill proposes to direct all 14
revenue from the purchase and use tax to the Transportation Fund, phasing in 15
over six years. 16
An act relating to purchase and use tax revenue 17

BILL AS INTRODUCED H.643
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VT LEG #385120 v.1
It is hereby enacted by the General Assembly of the State of Vermont: 1
Sec. 1. 16 V.S.A. § 4025(a)(5) is amended to read: 2
(5) one-third of the revenues raised from the purchase and use tax 3
imposed by 32 V.S.A. chapter 219, not to exceed $50,000,000.00 annually, 4
notwithstanding 19 V.S.A. § 11(1); 5
Sec. 2. 16 V.S.A. § 4025(a)(5) is amended to read: 6
(5) one-third of the revenues raised from the purchase and use tax 7
imposed by 32 V.S.A. chapter 219, not to exceed $50,000,000.00 8
$40,000,000.00 annually, notwithstanding 19 V.S.A. § 11(1); 9
Sec. 3. 16 V.S.A. § 4025(a)(5) is amended to read: 10
(5) one-third of the revenues raised from the purchase and use tax 11
imposed by 32 V.S.A. chapter 219, not to exceed $40,000,000.00 12
$30,000,000.00 annually, notwithstanding 19 V.S.A. § 11(1); 13
Sec. 4. 16 V.S.A. § 4025(a)(5) is amended to read: 14
(5) one-third of the revenues raised from the purchase and use tax 15
imposed by 32 V.S.A. chapter 219, not to exceed $30,000,000.00 16
$20,000,000.00 annually, notwithstanding 19 V.S.A. § 11(1); 17
Sec. 5. 16 V.S.A. § 4025(a)(5) is amended to read: 18
(5) one-third of the revenues raised from the purchase and use tax 19
imposed by 32 V.S.A. chapter 219, not to exceed $20,000,000.00 20
$10,000,000.00 annually, notwithstanding 19 V.S.A. § 11(1); 21

BILL AS INTRODUCED H.643
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VT LEG #385120 v.1
Sec. 6. 16 V.S.A. § 4025(a)(5) is amended to read: 1
(5) one-third of the revenues raised from the purchase and use tax 2
imposed by 32 V.S.A. chapter 219, not to exceed $10,000,000.00 annually, 3
notwithstanding 19 V.S.A. § 11(1); [Repealed.] 4
Sec. 7. EFFECTIVE DATES 5
(a) This section and Sec. 1 (16 V.S.A. § 4025(a)(5)) shall take effect on 6
July 1, 2026. 7
(b) Sec. 2 (16 V.S.A. § 4025(a)(5)) shall take effect on July 1, 2027. 8
(c) Sec. 3 (16 V.S.A. § 4025(a)(5)) shall take effect on July 1, 2028. 9
(d) Sec. 4 (16 V.S.A. § 4025(a)(5)) shall take effect on July 1, 2029. 10
(e) Sec. 5 (16 V.S.A. § 4025(a)(5)) shall take effect on July 1, 2030. 11
(f) Sec. 6 (16 V.S.A. § 4025(a)(5)) shall take effect on July 1, 2031. 12