Vermont § 1504 - Business inventory and business personal property
Full text of Vermont Vermont Statutes Online § 1504 — Business inventory and business personal property, with citation guidance and answers to common questions.
§ 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.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1504
What does Vermont Statutes Online § 1504 cover?
Section 1504 ("Business inventory and business personal property") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1504?
A common citation format is "Vermont Statutes Online § 1504" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.