Vermont § 5404b - Hydroelectric property; conservation easements; transfers Notwithstanding any other provision of law, including the provisions of subdivisions 3481

§ 5404b. Hydroelectric property; conservation easements; transfers Notwithstanding any other provision of law, including the provisions of subdivisions 3481

• (1) and 3802(1) of this title: (1) any real property subject to conservation easements granted pursuant to the terms
  of any agreement executed on or after January 1, 1997 between companies owning real
  property used for hydroelectric generation in this State and the State of Vermont
  shall continue to be assessed and property taxes collected as if such property were
  not subject to such easements; (2) any real property purchased by the State pursuant to the terms of any agreement executed
  on or after January 1, 1997 between companies owning real property used for hydroelectric
  generation in this State and the State of Vermont, which property continues to be
  owned by the State or by some successor owner that would otherwise be exempt from
  property taxes, shall continue to be assessed and property taxes collected as if such
  property were not so purchased by the State; and (3) any real property and fixtures used for hydroelectric generation and purchased by
  the Town of Rockingham on or after January 1, 2002, which property and fixtures continue
  to be owned by the Town of Rockingham and used for purposes of hydroelectric generation,
  shall continue to be listed on the education property tax grand list and assessed
  as if such property were not so purchased by the Town of Rockingham