32 V.S.A. § 3849 — Business personal property; local option

(a) At an annual or special meeting warned for the purpose, a municipality may, by a majority
vote of those present and voting, elect not to tax, in whole or in part, business
personal property according to this section. An election by a town not to tax business
personal property shall remain in effect until repealed or amended by a similar vote
of the town.
(b) As used in this section, “business personal property” means property defined in subsection 3618(c) of this title.
(c) If a town elects to repeal in whole the tax on business personal property, it may
do so effective for 100 percent of property in the year following the vote, or it
may vote to exempt an increasing percentage of property each year for a number of
years not to exceed 10 years, until 100 percent of business personal property is exempt. (