§ 2511 - Definitions - Vermont Statutes

§ 2511. Definitions

As used in this subchapter:

(1) "Benefit" means any abatement, loan or grant awarded to the business as enumerated in subdivision (2) of this section.

(2) "Business" means any individual, partnership, corporation or other entity that has been granted a tax abatement pursuant to the provisions of Title 24, or has been granted a loan or a grant by any board, commission or program established under the provisions of Titles 10, 24 or under the provisions of this title.

(3) "Commissioner" means the commissioner of the department of taxes.

(4) "Qualified period" means a period of five years after the initial grant of a benefit or a time period set forth in any agreement executed by the state subsequent to the effective date of this subchapter. (Added 1993, No. 221 (Adj. Sess.), § 10.)