An act relating to amending the Vermont Employment Growth Incentive Program

This bill ends the Vermont Employment Growth Incentive Program, which previously provided financial incentives to businesses for creating jobs in the state. The change stops the Vermont Economic Progress Council from accepting or approving new applications for these job creation incentives starting January 1, 2027. The program's existing rules remain in place until that date, but no new businesses will be able to apply for funding after the deadline. The legislation takes effect on July 1, 2024, allowing time for the state to transition away from the incentive program.