VT H0712

Increases the Uniform Capacity Tax on solar power plants from $4.00 to $16.00 per kW of plant capacity, and on standalone energy storage facilities from $0.50 to $2.00 per kWh

Splits tax revenue between the Education Fund (50%) and a new Farm Security Special Fund (50%), whereas previously all revenue went to the Education Fund

Creates the Farm Security Special Fund to provide grants to farms that suffer financial losses from eligible weather conditions including floods, drought, hail, extreme heat, and high winds

Grants cover up to 50% of uninsured losses, with a maximum award of $150,000 per farm per year

Establishes a seven-member Farm Security Special Fund Review Board to evaluate grant applications, with members including the Secretary of Agriculture, the State Chief Recovery Officer, three agricultural organization representatives, and two farmers who have received relief funding