The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERALLY
(Cite as: 8 V.S.A. § 3866)
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§ 3866. Returns, rate of tax, exemption
Such companies shall also make annual returns to the Commissioner of Taxes in form
satisfactory to him or her, and shall pay to the Commissioner of Taxes annually, in
the month of February, a tax at the rate of two percent on gross premium deposits
upon policies on risks located in this State in force on December 31 next preceding,
after deducting the unabsorbed portion of such premium deposits computed at the average
rate of return actually made on annual policies expiring during such year. However,
none of the requirements of any resident agent law of this State shall apply to such
a company so long as it insures only factories or mills, or property connected with
such factories or mills.