The Vermont Statutes Online

Title 32 : Taxation and Finance

Chapter 151 : Income Taxes

• Subchapter 001: Definitions; General Provisions
•    § 5811. Definitions

•    § 5812. Income taxation of parties to a civil union

•    § 5813. Statutory purposes

•    §§ 5814-5818. Repealed. 1991, No. 186 (Adj. Sess.), § 8(b), eff. May 7, 1992.

•    § 5815. Repealed.

•    § 5816. Repealed. 1991, No. 186 (Adj. Sess.), § 3(b), eff. May 7, 1992.

•    § 5817. Repealed. 1991, No. 186 (Adj. Sess.), § 8(c), eff. May 7, 1992.

•    § 5818. Repealed. 1991, No. 186 (Adj. Sess.), § 8(d), eff. May 7, 1992.

•    § 5819. Inconsistent provisions

•    § 5820. Purpose

• Subchapter 002: Taxation of Individuals, Trusts, and Estates
•    § 5821. Name of tax

•    § 5822. Tax on income of individuals, trusts, and estates

•    § 5823. Vermont income of individuals, estates, and trusts

•    § 5824. Adoption of federal income tax laws

•    § 5825. Credit for taxes paid to other states and provinces

•    § 5825a. Credit for Vermont Higher Education Investment Plan contributions

•    § 5826. Repealed. 2009, No. 160 (Adj. Sess.), § 51(a)(2), eff. Jan. 1, 2013.

•    § 5827. Repealed. 1989, No. 119, § 23(b), eff. June 22, 1989.

•    § 5828. Manufactured home park sale; capital gain credit

•    § 5828a. Repealed. 1991, No. 32, § 7, eff. May 18, 1991.

•    § 5828b. Earned income tax credit

•    § 5828c. Child and dependent care credit

•    §§ 5829, 5930. Repealed. 1993, No. 210 (Adj. Sess.), § 40, eff. Jan. 1, 1994.

•    § 5830. Taxpayer identification numbers; credits

•    § 5830a. Interest tax

•    § 5830b. Tax credits; Entrepreneurs' Seed Capital Fund

•    § 5830c. Tax credits; charitable investments in housing

•    § 5830d. Deferral of income taxation; combat zone duty

•    § 5830e. Retirement income; Social Security income

•    § 5830f. Vermont child tax credit

•    § 5830g. Vermont veteran tax credit

• Subchapter 003: Taxation of Corporations
•    § 5831. Name of tax

•    § 5832. Tax on income of corporations

•    § 5832a. Digital business entity franchise tax

•    § 5833. Allocation and apportionment of income

•    § 5834. Computation of gains and losses

•    § 5835. Construction of subchapter

•    § 5836. Franchise tax on financial institutions

•    § 5837. Repealed. 2003, No. 152 (Adj. Sess.), § 8.

•    § 5838. Digital business entity election

• Subchapter 004: Withholding of Taxes at Source
•    § 5841. Requirement and rate of withholding

•    § 5842. Return and payment of withheld taxes

•    § 5843. Failure to account; maintenance of trust account

•    § 5844. Liability; penalty; trust for the State

•    §§ 5845, 5846. Repealed. 1991, No. 186 (Adj. Sess.), § 8(e), eff. May 7, 1992.

•    § 5846. Repealed. 1991, No. 186 (Adj. Sess.), § 8(f), eff. May 7, 1992.

•    § 5847. Withholding on sales or exchanges of real estate

• Subchapter 005: Estimations of Nonwithheld Income Tax
•    § 5851. Definitions

•    § 5852. Payment of estimated income tax

•    §§ 5853, 5854. Repealed. 1989, No. 119, § 6, eff. June 22, 1989.

•    § 5855. Payments as tax liability

• Subchapter 005A: Quarterly Filing and Payment
•    § 5856. Declaration of estimated tax

•    § 5857. Filing dates

•    § 5858. Payment dates

•    § 5859. Assessment date, penalties, interest

• Subchapter 006: Returns
•    § 5861. Returns by individuals, trusts, and estates

•    § 5861a. Returns by partnerships

•    § 5862. Returns by corporations

•    § 5862a. Nongame Wildlife Account checkoff

•    § 5862b. Vermont Children's Trust Foundation checkoff

•    § 5862c. Repealed. 2009, No. 160 (Adj. Sess.), § 51(c)(1) repealed effective for taxable years beginning on and after January 1, 2010.

•    § 5862d. Filing of federal form 1099

•    § 5862e. Vermont Veterans' Fund checkoff

•    § 5862f. Vermont Green Up checkoff

•    § 5863. Additional returns

•    § 5864. Failure to file a return; petition and computation of tax

•    § 5865. Repealed. 1991, No. 186 (Adj. Sess.), § 8(g), eff. May 7, 1992.

•    § 5866. Supplemental information; changes in federal tax liability or taxable income

•    § 5866a. Reporting adjustments to federal taxable income and federal partnership audits

•    § 5867. Form and verification of returns

•    § 5868. Extension of time for filing of returns

•    § 5869. Repealed. 1997, No. 156 (Adj. Sess.), § 37.

•    § 5870. Reporting use tax on individual income tax returns

• Subchapter 007: Payment of Income Taxes
•    § 5871. Payments by individuals, trusts, and estates

•    § 5872. Payment by corporations

•    § 5873. Extension of time for payment

•    § 5874. Method of payment

•    § 5875. Repealed. 1997, No. 156 (Adj. Sess.), § 37.

• Subchapter 008: Deficiencies, Assessments, Refunds, and Appeals
•    § 5881. Repealed. 1997, No. 156 (Adj. Sess.), § 37.

•    § 5882. Time limitation on notices of deficiency and assessment of penalty and interest

•    § 5883. Determination of deficiency, refund, or assessment

•    § 5884. Refunds; petitions for refunds

•    § 5885. Procedure for hearings by Commissioner; appeals

•    § 5886. Payment and collection of deficiencies and assessments; jeopardy notices

•    § 5887. Remedy exclusive; determination final

•    § 5888. Determination of taxable income and income tax liability under the laws of the United States

• Subchapter 009: Enforcement and Collection
•    § 5891. Tax a debt to the State

•    § 5892. Action to collect taxes; limitations

•    § 5893. Levy for nonpayment

•    § 5894. Liability for failure or delinquency

•    § 5895. Tax liability as property lien

• Subchapter 010: Confidential Preparation of Returns
•    § 5901. Consent to use or disclosure of information

•    § 5902. Persons preparing returns

•    § 5903. Exceptions

• Subchapter 010A: Taxation of S Corporations
•    § 5910. Definitions; federal conformity

•    § 5911. Taxation of an S corporation and its shareholders

•    § 5912. Repealed. 2015, No. 134 (Adj. Sess.), § 13, eff. May 25, 2016.

•    § 5913. Part-year residence

•    § 5914. Returns and mandatory payments

•    § 5915. Minimum tax

•    § 5916. Repealed. 2025, No. 164 (Adj. Sess.), § 1, eff. January 1, 2025.

• Subchapter 010B: Taxation of Partnerships and Limited Liability Companies
•    § 5920. Returns and mandatory payments

•    § 5921. Minimum tax

• Subchapter 011: Financial Services Development Tax Credit
•    § 5922. Financial services development tax credit

•    §§ 5923, 5924. Repealed.

• Subchapter 011A: Tax Credits Relating to a Job Development Zone
•    §§ 5925, 5926. Repealed. 2015, No. 57, § 98, effective June 11, 2015.

•    § 5926. Repealed. 2005, No. 75, § 16, eff. June 23, 2005.

• Subchapter 011B: Research and Development Tax Credit
•    §§ 5927, 5928. Repealed. 2005, No. 75, § 16, eff. June 23, 2005.

• Subchapter 011C: New Jobs Tax Credit
•    § 5929. Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006.

• Subchapter 011D: Manufacturer's Investment Tax Credit
•    § 5930. Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006.

• Subchapter 011E: Economic Advancement Tax Incentives
•    §§ 5930a-5930k. Repealed. 2015, No. 157 (Adj. Sess.), § H.11, eff. January 1, 2017.

•    §§ 5930c-5930i. Repealed. 2005, No. 184 (Adj. Sess.), § 4(a), eff. January 1, 2017.

•    § 5930j. Repealed. 2005, No. 184 (Adj. Sess.), § 16.

•    § 5930k. Repealed. 2005, No. 184 (Adj. Sess.), § 4(a), eff. January 1, 2017.

• Subchapter 011F: Tax Credit for Rehabilitation of Historic Buildings
•    § 5930n. Repealed. 2005, No. 183 (Adj. Sess.), § 16(b).

• Subchapter 011G: Rehabilitation Tax Credit
•    §§ 5930p-5930r. Repealed. 2005, No. 183 (Adj. Sess.), § 16(b).

• Subchapter 011H: Training Tax Credit
•    § 5930t. Repealed. 2005, No. 207 (Adj. Sess.), § 12, eff. May 31, 2006.

• Subchapter 111: Affordable Housing Tax Credit
•    § 5930u. Tax credit for affordable housing

•    §§ 5930v-5930x. Repealed. 2009, No. 1 (Sp. Sess.), § H.28(a), eff. January 1, 2010.

•    §§ 5930w-5930x. Repealed. 2005, No. 184 (Adj. Sess.), § 4(a), eff. January 1, 2017.

•    § 5930y. Repealed. 2013, No 73, § 24, eff. January 1, 2014.

•    § 5930z. Repealed. 2019, No. 51, § 40(1), eff. Jan. 1, 2019.

• Subchapter 011J: Vermont Downtown and Village Center Tax Credit Program
•    § 5930aa. Definitions

•    § 5930bb. Eligibility and administration

•    § 5930cc. Downtown and Village Center Program tax credits

•    § 5930dd. Claims; availability

•    § 5930ee. Limitations

•    § 5930ff. Recapture

• Subchapter 011L: Research and Development Tax Credit
•    § 5930ii. Research and development tax credit

• Subchapter 011M: Machinery and Equipment Investment Tax Credit
•    § 5930ll. Machinery and equipment tax credit [Applicable to taxable years beginning on and after January 1, 2012 and repealed effective July 1, 2030]

•    § 5930ll. Repealed. 2009, No. 156 (Adj. Sess.), § H.2, eff. July 1, 2030.

• Subchapter 011N: Recently Deployed Veteran Tax Credit
•    § 5930nn. Recently deployed veteran tax credit

• Subchapter 012: Setoff Debt Collection
•    § 5931. Short title

•    § 5932. Definitions

•    § 5933. Collection of debts through setoff

•    § 5934. Procedure for setoff

•    § 5935. Joint returns

•    § 5936. Hearing procedure

•    § 5937. Priorities in claims to setoff

•    § 5938. Collection assistance fees

•    § 5939. Confidentiality exemption; nondisclosure

•    § 5940. Rules and regulations

•    § 5941. Procedure for setoff of court judgments

•    § 5942. Offset for taxes owed in another state; reciprocity

• Subchapter 013: Franchise Tax on Waste Facilities
•    § 5951. Definitions; general provisions

•    § 5952. Imposition of tax

•    § 5953. Exemptions

•    § 5954. Filing of return and payment of tax

Full Text of Chapter 151