An act relating to utility property valuation

This bill clarifies the process for valuing utility property for tax purposes in Vermont. It requires public utilities to submit sworn inventories of their taxable property to the Division of Property Valuation and Review by March 31 each year. The Division must then provide these valuations to local town and city listers by May 1 to help determine property taxes. The changes apply to grand lists filed on or after April 1, 2025.