The Vision Payment Code table is designed to assist municipalities in identifying payments made to their accounts from the Vermont Department of Taxes or Treasurer’s Office for statutory-related duties applicable to the Department. These payments occur on different cycles throughout the year or infrequently.
| CODE (as it appears on VISION Invoice) |
Actual Name | Explanation | Schedule | Statute |
|---|---|---|---|---|
| GT RCT DISB | Railroad Corporate Tax Disbursement | Town's share of Railroad Corporate Tax Collected and distributed based on track mileage. | Annually in May | 32 V.S.A. § 8211 |
| GT LUC DISB | Land Use Change Tax Disbursement | Town's share of Land Use Change Tax collected up to $2,000 per transaction. For removal of land from the Current Use Program. | Quarterly | 32 V.S.A. § 3757 |
| GT PTA DISB | Property Tax Adjustment Disbursement | Offset to be applied to individual property tax bills for income adjustment. | Monthly June through October | 32 V.S.A. § 6066a |
| FYReappraisal | Reappraisal Payments | Payment by State of Vermont to compensate municipalities for costs related to reappraisals and to maintaining their Grand List. | Annually in November | 32 V.S.A.§ 4041a |
| FYEqualization | Equalization Payments | Payment by State of Vermont to compensate municipalities for their work in helping PVR to collect data for the annual Equalization Study. | Annually in November | 32 V.S.A. § 5405 |
| GT LOT DISB | Local Option Tax Disbursement | Town's share of the Local Option Tax fee distributed quarterly. | Quarterly | 24 V.S.A. § 138 |
| PILOT | Payment in Lieu of Taxes | Payment paid to towns having state-owned buildings, which are tax exempt. | Annually in October | |
| HH | Hold Harmless Payment | Payment paid to towns to compensate for forgone municipal revenue on parcels enrolled in the Current Use program. | Annually in October | 32 V.S.A.§3760 |
| LIENS.RELEASES “MONTH YEAR” | Income Tax Lien / Discharge Recording* | Payment paid to towns in which taxpayers who owe back taxes that require recording in the land records (income, sales and use, meals and rooms, withholdings, etc.)
|
Monthly |
and 32 V.S.A. § 1671 |
|
RECORDING OF APPLICATIONS and LIENS.RELEASES “MONTH YEAR” |
Current Use Lien / Discharge Recording* | Payments paid to towns that have enrolled Land Use properties and require recording in the land records | Monthly | 32 V.S.A. § 3756 |
| LIENS.RELEASES “MONTH YEAR”> | PTTR Recording* | Payments paid to towns for Property Transfer Tax Returns that are recorded in the land records. | Monthly | 32 V.S.A. § 9606 |