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Vision Payment Codes

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

32 V.S.A. § 3708

32 V.S.A. § 3701

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
**Available soon 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.)    
**Available soon Current Use Lien / Discharge Recording* Payments paid to towns that have enrolled Land Use properties and require recording in the land records    
**Available soon PTTR Recording* Payments paid to towns for Property Transfer Tax Returns that are recorded in the land records.