An act relating to miscellaneous administrative and policy changes to the tax laws

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Plain-English Summary

This bill makes several changes to Vermont's tax laws. It repeals a denial of tax credits for S corporations and modifies the property transfer tax, including a higher rate for certain residential property transfers. The bill also adjusts rules for the land use change tax, municipal grand list stabilization, and the taxation of communications property. Additionally, it makes changes related to equalization studies and extends the sunset date for the Health IT Fund.

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