BURLINGTON, Vt. (AP) - Officials in Burlington, Vermont, say they are looking to phase out what they call an antiquated business tax in order to attract more business.
Business owners say they often have to raise prices to pay the tax. WCAX-TV reports the business personal property tax requires businesses to tally their assets - including computers, counters, signs, display cases, dumpsters, heavy equipment and even things as small as calculators.
Democratic Mayor Miro Weinberger says the tax is difficult to comply with and subject to frequent complaints.
The Burlington City Council says it hopes to phase out this business personal property tax between now and 2026. Winooski and Burlington are the only communities in Chittenden County to make businesses pay the tax.
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Information from: WCAX-TV, http://www.wcax.com
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