Downtown Sales Tax Reallocation

Armory, Burlington, Vermont
Burlington, Vermont
Municipalities and the developer of the qualified project may jointly apply to the Downtown Board for a reallocation of sales taxes on construction materials. Qualified projects must be located within a designated downtown district and may be eligible for a reallocation of sales taxes on construction materials. Reallocated taxes must be used by the municipality to support the qualified project. For an overview of the Sales Tax Realloction credits click here. 

Applications for State Sales Tax Reallocation credits are due June 30, 2017. Read our Guidelines and Application for more details. 

Program Essentials

  • Applications must be for qualified projects within a designated downtown. The Board will not consider projects that are substantially completed before designation is granted to the municipality.
  • Applications may be submitted either just prior to the start of construction or during construction of the qualifying project, but not after construction has been substantially completed.
  • Applications will not be considered at the same Board meeting as a request for downtown designation.
  • The application must demonstrate that the qualified project will be under construction within 12 months of the award date, and that the municipal project must be completed within 30 months of the award date.

Contact Us

Caitlin Corkins, Tax Credits & Grants Coordinator
802-828-3047

One National Life Drive
Deane C. Davis Building, 6th Floor
Montpelier, VT 05620-0501