An act relating to State education property taxes and flood-related damage

This bill allows Vermont municipalities to receive reimbursement for state education property taxes they abated for property owners affected by severe storms and flooding between July and October 2023. It also permits municipalities to be reimbursed for reasonable interest expenses incurred when borrowing funds to make these tax payments, capped at eight percent. Additionally, the bill excludes federal disaster relief payments from household income when calculating the homestead property tax credit for the 2023 and 2024 tax years, helping homeowners maintain eligibility for tax credits despite receiving disaster assistance.