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.
(Cite as: 8 V.S.A. § 6058)
-
§ 6058. Purchasing group taxation
Premium taxes and taxes on premiums paid for coverage of risks resident or located
in this State by a purchasing group or any members of the purchasing groups shall
be:
(1) imposed at the same rate and subject to the same interest, fines, and penalties as
that applicable to premium taxes and taxes on premiums paid for similar coverage from
a similar insurance source by other insureds; and
(2) paid first by such insurance source, and if not by such source, by the agent or broker
for the purchasing group, and if not by such agent or broker, then by the purchasing
group, and if not by such purchasing group, then by each of its members. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)