Vermont § 3334 - Enhanced incentive for a business in a qualifying labor market area
Full text of Vermont Vermont Statutes Online § 3334 — Enhanced incentive for a business in a qualifying labor market area, with citation guidance and answers to common questions.
§ 3334. Enhanced incentive for a business in a qualifying labor market area
- (a) The Council may increase the value of an incentive for a business that is located
in a labor market area in which: (1) the average annual unemployment rate is greater than the average annual unemployment
rate for the State; or (2) the average annual wage is less than the average annual wage for the State. (b) In each calendar year, the amount by which the Council may increase the value of all
incentives pursuant to this section is: (1) $1,500,000.00 for one or more initial approvals; and (2) $1,000,000.00 for one or more final approvals. (c) The Council may increase the cap imposed in subdivision (b)(2) of this section by
not more than $500,000.00 upon application by the Governor to, and approval of, the
Joint Fiscal Committee. (d) In evaluating the Governor’s request, the Committee shall consider the economic and
fiscal condition of the State, including recent revenue forecasts and budget projections. (e) The Council shall provide the Committee with testimony, documentation, company-specific
data, and any other information the Committee requests to demonstrate that increasing
the cap will create an opportunity for return on investment to the State. (f) The purpose of the enhanced incentive for a business in a qualifying labor market
area is to increase job growth in economically disadvantaged regions of the State,
as provided in subsection (a) of this section. (Added 2015, No. 157 (Adj. Sess.), § H.1, eff. Jan. 1, 2017; amended 2017, No. 69, § A.1, eff. June 28, 2017.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3334
What does Vermont Statutes Online § 3334 cover?
Section 3334 ("Enhanced incentive for a business in a qualifying labor market area") 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 § 3334?
A common citation format is "Vermont Statutes Online § 3334" (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 § 3334 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.